Top-down analysis & the weight of technical evidence that AGY is oversold.
Weekly close:
GlobalX + 7.45%
Ganfeng +14.92%
Fid Index + 8.29%
AGY -- 4%
While AGY may have its fundamental issues, so do the other codes in my index in one way or another.
China has been celebrating a three-day Labor Day/s? holiday hence the halt to reporting the Li spot price.
Based on the technical, I believe the market is anticipating a rise in the Spot price when reporting resumes early next week.
In a nutshell, AGY has been jilted by the market, however it will find the love it deserves again this coming week.
Please feel free to keep the Borax handy should I be wrong.
IMO DYOR
GlobalX/Ganfeng weekly tracking
2024 Charts, page-783
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