Although I will add that based on how deep the negative monthly MACD is, I reckon the next bull phase won't start for at leeeast 6 months, minimum. (where shorters and the big end of town stop putting a lid on things).
So imo, the consolidation phase will last at least that long. Not to say the price can't or won't go up, it's just going to be capped and shat on a lot.
Based on the debut of the last consolidation phase after the last big bear run, the entry price to that consolidation phase remained the support for 9 months (only disrupted by covid) so my hypothesis is that ~17c will serve as extremely strong and potentially unbroken long term support if we do get a positive weekly and reversing negative monthly MACD soon . So buying at these levels is considered favourable especially when considering the massive coil / spring that's tightening during consolidation for the next bull run.
(Just my own opinion, not financial advice)
Although I will add that based on how deep the negative monthly...
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Last
12.5¢ |
Change
0.005(4.17%) |
Mkt cap ! $175.5M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 13.5¢ | 12.3¢ | $412.2K | 3.252M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 36 | 1674606 | 12.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 621061 | 7 |
View Market Depth
| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
12.5¢ |
Change
0.005 ( 4.17 %) |
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| Open | High | Low | Volume | ||
| 12.5¢ | 13.5¢ | 12.3¢ | 1126526 | ||
| Last updated 15.59pm 10/05/2024 ? | |||||
| AGY (ASX) Chart |