AGO 0.00% 4.5¢ atlas iron limited

AGO technical analysis, page-1660

  1. 1,388 Posts.
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    A couple of guys have pointed me in this direction. Personally I thought they went bankrupt ages ago.

    Looks like some things have been happening over the years at Atlas. Lots of instos been quietly buying up but it keeps getting sold down when it pops. Todays little pop looks a bit different though. if you look at the volume spikes of today there is a heavy spike on the gaps trades and a run since then. But that is exactly what I would watch out for; that gap might end up being sold down into. AGO have a lot of barriers to break through before they take off anywhere first as well. Two very solid resistance levels, and a bunch of fib levels. However, if you can see my Elliot Wave corrections running, this could be the start of the 5 wave on a 3-3-5 pattern. Very bullish. Given the change in psychology of this market its worth keeping an eye on, but I wouldn't be moving until we get a break above that Fibonacci 0.57 level.
 
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Currently unlisted public company.

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