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0.00%

4.5¢ atlas iron limited

Thanks for your Analysis, be nice if that pattern repeats. Here...

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15/01/18

07:02

Post #: 30298190
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Originally posted by graywolf ↑

0.036 is your short answer @Aeon

Yes, you are right @Stockholm

Next upward move will need to break and stay above 0.036. I expect a continuing repeat of the patterns seen Nov/Dec 2016 into Jan/Feb 2017 with sharp pushes up, followed by strong retracements, followed by a period of consolidation in a slow rising trend.

I would expect that if AGO has a strong week next week, it will be a case of 'buy on rumour' in anticipation of a good quarterly report, and that when the quarterly comes out, it won't produce much of a SP increase, maybe even a drop on the basis of 'sell on news'.

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Thanks for your Analysis, be nice if that pattern repeats. Here is a very short term daily view showing that triangle. The VSA (Volume spread analysis) is also supportive at these Lows.

AGO Price at posting: 3.5¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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