AGY 0.00% 3.5¢ argosy minerals limited

Hey Chartists, long time holder (and reader) first time poster....

  1. 14 Posts.
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    Hey Chartists, long time holder (and reader) first time poster. Made my first AGY purchase almost 5 years ago to the day at 6.3c and many more over the years and haven't sold a single share from my main holding since. Only just this past year I have started trading AGY in a separate account. Thanks to everyone (especially @seagull) who have taken the time to post charts and analysis over the years, I have learnt a lot from all the discussions and Ive manage to pretty much double what I started trading with, though my initial main holding is up much more

    Im posting a chart of my very uneducated analysis for potential discussion, or tearing apart. As others have stated, the AGY chart is like clockwork over the last year. My trading strategy is fairly simple just using Bollinger Bands, RSI and MACD, with the AGY chart offering somewhat obvious entry and exits a lot of the time, though obviously much easier to see after the fact, but the chart providing some good learnings, though we all know history isn't an indicator of future moves.

    I have marked where I see Elliot and Correction Waves, though some don't exactly abide by the rules of wave theories, please comment if I'm way off, FIB levels on most of the waves 3 and 5 and arrows where the optimal entries and exits could have been (full disclosure that I most definitely did not get all these at, or even close, to these levels).

    After just selling a trading parcel yesterday on what is potentially the top of a wave 3, I'm looking for the next entry near the bottom of wave 4, potentially around the gap, at 59.5c. Studying the FIB levels of all previous correction waves, an average entry between the 0.618-0.5 level seems to be a safe bet, when this aligns near the bottom of the BB, with an RSI somewhere around 40-46, MACD below the sig line and the histogram somewhere nearing -0.01.

    I'm in no way providing or looking to receive financial advise, just looking for discussion if some of my analysis and theories seem sound to the more experienced on here.

    Thank you for your time



    https://hotcopper.com.au/data/attachments/4842/4842051-f71951b3027b0656ae9d09e2a6be8fab.jpg

 
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