I'll give you a little update for being so kind but there isn't much to get excited about just yet.
I said earlier in the week the momentum seems to be shifting, when I said that I didn't mean a shift from negative to positive but more a shift from extremely negative to more equal. As you can see with the MACD the crosses are becoming more frequent and it is starting to trend up towards 0 with each new low making a new bullish momentum divergence indicating less and less strength in the selling.
It closed on the high of the day today which is also right on the 9 ema. So, with any luck we will cross above there and finish the week with another green candle and a green weekly candle for the first time in a while.
The price is in a reasonably narrow channel parallel with the overall correction which won't take much to get out of, but the real point we need to see broken is the solid upper trend line which as of tomorrow is at 23c. When that happens, I will start to get a little more excited.
AGY Daily
REPLY TO KAEHO
I'm not sure how explaining to you that your investment/trading strategy differs from others is sugar coating. I'll try and explain it to you one more time as you don't seem to grasp the concept of different investment strategies and timelines. Do you think anyone who bought PLS at under 10c and saw it go to $1 before coming back to 12c cares about that now that they're getting their initial investment in dividends every 6 months? It takes time to build a company and lots of patience, which you clearly don't have any of, to be long on a company still in its infancy. In that time the price will go up and down. Traders will trade, longs will hold and accumulate at the lows. Neither are doing anything the wrong way.
Your hindsight is a wonderful thing here though. I love how you're having a go at people holding on for an 80% loss while sitting on a 50% loss from your initial investment here. I also find it funny that if those people sold their shares at the same point you're at now, a 50% loss, you bought their shares. Who's the stupid one? When do you bite the bullet and sell? I will not reply to you again.
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