Yes me too, I am over the constant manipulations to force the sp down. I may just be a bit tired after the Xmas N/Y celebrations & not back in the mood just yet. I nearly didn't do a post today because of that. I see some conflict among the outlooks for each time frame that makes for the pessimism atm.
My daily & weekly models both have positive upside alerts with high hit rates which could ultimately lead to a continuation rally, so I expect some sort of kick up on the next bars but the monthly has thrown up its first downside alert in 6 months & that has a very high hit rate, so I have to expect to see at least some downside pressure during the month to confirm that one. We may just trade in the 49 - 62 monthly range for another month or two until everything comes together in the project. That does not seem far off now.
The daily & weekly range targets differ & a break above 59 could easily lead to the next resistance up around 64 - 65 on the daily & good trade if it played out like that. The weekly shows us almost to resistance at the top of the weekly range. Whatever happens s/t, this qtr should be good.
AGY Price at posting:
57.0¢ Sentiment: Buy Disclosure: Held
