A few updated charts to provide some perspective....
AGY linear-scale:
Sitting at the base of the channel; could easily rebound around this level, or poke through below as it has before. No big deal imo.
Note: the recent drop is very similar (circa top to bottom of channel) to those previous, however, off a higher base, therefore the % drop is even less.
Log-scale chart V1:
(ignore the last candle; for some reason the chart has doubled-up the last (today's) candle)
Log-scale chart V2:
Currently sitting around the bottom of the "lower channel" here; could dip slightly lower without much drama, as it did briefly in Jun and Sep. No big deal imo. The BEOT will do their thing...
Note: Log-scale allows analysis of % change in sp; the recent drop is actually relatively small when compared to many over the past year or so.
12-month comparison chart:
(note this chart shows AGY to close of trade today, but the others only to yesterday's close for some reason; most of the others are therefore even lower after today's drops)
AGY +102%
Outperform!!
Imo there's a lot of doom and gloom talk around here for what is actually fairly unsurprising sp action.
We all know where this is headed longer-term, despite what happens along the way. A lot of competing interests at play, but AGY has a REAL process and a REAL team, and are making REAL headway towards commercial production. BG with the new plant proven!
IMO, at this side of "the channel", it's way more of a buy than a sell!!! But hey, DYOR and decide for yourself, as this is not financial advice!
IMO
DYOR
Merry xmas AGYers, +102% is A Great Year, with an even greater one to come imo!
