AGY 0.00% 12.5¢ argosy minerals limited

No, can't see any "gap down". The current "gaps up" are 59c to...

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    No, can't see any "gap down". The current "gaps up" are 59c to 60.5c and 64c to 64.5c. These gap edges can provide support on a move down. The last significant volume bar was back on 11/11 which closed at 63.5c. That bar came up as an "Absorption Volume" signal on my VSA chart for AGY. I'll be looking for the range 64c to 63.5c to hold during any future price weakness. The current pullback looks like a typical impulse move correction to me. Looking at the chart it seems like the SP likes to revert back to the 50 SMA after an impulse move. So the move I am expecting is hopefully sideways from here until the 50 SMA catches up.; The worst scenario would be a pullback to the 50 SMA at around the 55.5c level.
    https://hotcopper.com.au/data/attachments/4842/4842076-83eaac2a9e33170d06058aaa40c3c336.jpg

 
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