AGO 0.00% 4.5¢ atlas iron limited

AGO technical analysis, page-401

  1. 4,046 Posts.
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    It is quite possible that the .029c was a breakaway gap, and may never be filled. The gap this morning appeared to be a runaway gap and was very quickly filled.

    IMHO the pullback is a normal and healthy reaction to a SP that has risen dramatically since mid-December when its consolidation pattern had it trading consistently between 0.018c and 0.019c.

    Plenty of TDs taking profits, and good luck to them, they provide liquidity.

    Lots of speculation and 'possible' news on these threads, but the reality is that AGO had a very nice Lithium related announcement in December, and the quarterly due to be released around the 23rd of this month will contain many interesting news items - which have already been mentioned on these threads including:

    Pancho (Lithium) exploration update
    Progress on Lithium takeoff agreement(s)
    Possible update on CD development
    Update on cash situation and reduction of debt or refinancing
    Plus, the usual business stuff ie. IO

    I added a small amount to my holdings this morning at 0.37c and am quite comfortable to sit back and patiently await the January news.
 
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