Well I have felt the same. In last 5 weeks we have had 4 days of...

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dc1234

4,164 Posts.

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20/10/21

17:57

Post #: 56946613
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Originally posted by Cheeky-Charm: ↑

Hi All! New to AGE but have been watching it for months doing that crazy run up thinking when will it stop?

Decided I will contribute my 4 years of pattern recognition to this thread. I am no pro, a terrible trader for the most part but I do have some technical reading abilities so here goes......

At 3.25pm I shared this chart in the Daytrading Threads. I observed a pattern several days ago which made me re-watch AGE for a swing trade.

The 2 red boxes seen in the chart are highlighting a similar price pattern of spiking up, holding the dip for upto 72hrs and then moving/gapping up towards further highs.

LAST TIME it did this, prices shot straight to 12c. I do not allude prices will go all the way back there but if this pattern can play out, most would probably be happy with a 10c target either to break even or cut a loss. Profit taking will definitely occur from those who are in at these levels.

NOTICE the Reversal DOJI call I made at that time?

The next chart below highlights past patterns of the stock gapping up at the open, from previous days close. Will we see another gap-up? Chart below shows 4 clear instances of decent openings. Most average range of the gap up is 8 PIPS!

Provided this plays out, provided AGE Management puts out another P.R News Release (talking whatever) theoretically it COULD open at 9c. Not saying at all it will. Tomorrow looms the red question marks. Will it even close green? Or will it sell off after the gap? These are all uncertainties.

SENTIMENT: Buy/Held. I have no certainty except I just have a trading plan and will go with it accordingly DYOR as I have before purchasing/selling! GLTAHz

P.S I was impressed with the Investor Presentation! Haven't understood half of it, but looks good hahaha thanks AGE for educating me through your slides.

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Well I have felt the same. In last 5 weeks we have had 4 days of around 25% increase, which I mentioned in my post couple of days back. So we are due for one, and that is the trend of this share. I feel one is on the horizon, needs a catalyst or someone with big pockets getting fear of FOMO. It will happen, and it will be sudden. I don't do charting but analyse trading patterns in depth. Glad charts pointing towards the same. We have to do some catching up to cross 11.5, as the CR pushed us more downward compared to others. In anticipation.

AGE Price at posting: 8.2¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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