AGE 0.00% 4.6¢ alligator energy limited

Is this point to decide what happens next?.From a weekly...

  1. 5,010 Posts.
    lightbulb Created with Sketch. 4010
    Is this point to decide what happens next?
    .
    From a weekly perspective, a great week. Last week 4.1, this week 4.8.
    .
    So what is happening? I feel U macro is at a very critical level. CCJ and U sector has done well. Mid-week, I wrote on another thread, what I feel possible plays can happen. I am basing it on CCJ which I am following, as must be evident by now, for those reading my posts. I had written, either CCJ will consolidate after 4 greens or will do what it did in March - it raced over 20s from early 40s to 50s in 6 green trading weeks. We crossed the 4 greens. We did 6 greens straight for CC yesterday. So second play happened.
    .
    But the crucial thing is - what happens next? For those who read my posts, for last 2 months I have been saying about September top (after July top, May bottom, both of which happened, incidentally). Just a week back, it was looking very bleak. Things changed. CCJ gained around 20% in a week - is it just to satisfy my September top? I am just kidding.
    .
    We are at cross roads. There are two paths from here. CCJ does a slightly higher day today, but intra-day, but finishes in red, Then it does back test of 45. Other scenario is it gets over 50, and stays there. Important point is - it stays over 50. At this stage I don't have an opinion what's going to happen. I had strong opinion for months, which somehow played out, but now I am not sure. There is now some euphoria in the sector - and my experience says, whenever Euphoria comes, we lose. i hope its different this time.
    .
    Tonight I feel is important to give short term direction. I know most here are long term, so it doesn't affect them. But I feel we are at cross roads now, for short to medium play.
    .
    So what's my short term play saying? Its saying - we don't know. We have to wait for tonight. Lets see how it plays out.
    .
    Personally, I have exited most of my AGE stocks, once again. Yesterday I felt was a good number (possibly because of rebalancing), but I got out. I haven't bought back. So two good trades for me - from 3.55 to 4.6, and now close to 4.1 to 5. Now I wait. I can't decide the direction. Best I can follow. I have got it wrong before, so please dyor, I could be wrong again.
    .
    So which is the direction?. I don't know. I will wait to see what happens tonight. U macros is very strong. Spot price is also on the rise, Can stocks play to that? Very possibly. But as I wrote mid-week, if we don't have a consolidation (in tis case towards 45), then we may have a big drop, more towards 4. We don't want that. But I know what most want. A play towards 6s - isn't it.
    .
    So what may happen next week? All depends on CCJ. On weakness it needs to hold 45. But its got a lot of buffer for that. For many, its about early 50s. Will that happen? Lets hope so. Enjoy your weekend and all the best
 
watchlist Created with Sketch. Add AGE (ASX) to my watchlist
(20min delay)
Last
4.6¢
Change
0.000(0.00%)
Mkt cap ! $178.1M
Open High Low Value Volume
4.6¢ 4.6¢ 4.5¢ $74.95K 1.656M

Buyers (Bids)

No. Vol. Price($)
14 1294424 4.5¢
 

Sellers (Offers)

Price($) Vol. No.
4.6¢ 1595899 5
View Market Depth
Last trade - 16.10pm 01/11/2024 (20 minute delay) ?
AGE (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.