AGC australian gold and copper ltd

Chart & TA, page-120

  1. oke
    3,901 Posts.
    lightbulb Created with Sketch. 1087
    https://hotcopper.com.au/data/attachments/6384/6384945-e8b228fa27814ce8a18e89d13ab64057.jpg
    This is developing much stronger than I expected at this stage... let the force be with us.
    Was anticipating a slower cup like formation leading into the DD campaign but instead we have the begginings of a steep acsending channel formation - instos especially like these,, and retail don't curate them.
    Seemed like more positive CX trades going through - nice when they are on your side
    No walls at Cr 32¢ so should be relatively easy passage to 40¢ where we could expect some resistence being fibonacci 50% level (21 - 61), and cup rim. https://hotcopper.com.au/data/attachments/6385/6385009-dbf0629b40aab9893a04ab7da648a839.jpg
    Channel has two confirmation touches at support and resistance ..as its just the beggining Id expect it to last a little while longer. These channels can be a force that keep the sp meandering higher regardless of macro events .. driven more by the micro ( company news).
    Just outlining a possible trajectory given the composition of the share registry, and the numerous tailwinds herehttps://hotcopper.com.au/data/attachments/6385/6385042-6ac7fd9885064efb3f97d56035ed1fa2.jpg
    @HOLIDAY1 .. Ive included the MACD for you - its rising from below zero !!... just perfect
    Last edited by oke: 15/08/24
 
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