AGY has been trading for 10days now in a tight band (083-093), after the June sell off. As a result the BB's have had a chance to reset and given that the 8ema (orange) is also hovering around the 20sma (median grey), the SP could still go either way. LIT price has bounced, so hopefully this will be a good indictor for AGY SP.
There was a chance to grab a bargain when the RSI slumped to 17 and we got a bull hammer (below 20 is a strong buy, IMO). RSI now back to median levels. Given this I look to MACD and that is performing well, on the climb out! SP needs to holds 083, and preferably climb to 096, upper Bollie, then open them up for the next run. Next targets would be 10 and 12c. All the best
AGY Price at posting:
8.5¢ Sentiment: Hold Disclosure: Held
