2022 Charts, page-1602

G'day booster!
Well, if the macro situation goes to utter sh!te somehow (nothing to do with AGY), then I suppose a deep reversal is possible, sure; but the FA is looking solid as, imo, as we are about to fire up our first commercial plant and get it sorted for steady-state production. I expect us to have worked through all the gremlins by xmas, and be "printing money" so to speak.
Significant company milestones in the short term might prevent your corrective wave scenario from eventuating.
That's my take on it anyway; the next 6 months will be driven by FA rather than TA imo!
Only time will tell, as usual!
GL
ps. Also, for such a steep reversal (low 20s), imo we'd need to see some very similar movement from the "peer" group; any chance you've seen similar TA building elsewhere - i.e. I doubt we'd go so far south "alone", considering the broad sp trends we have seen for several years now.... just a thought.
Cheers