AGC 12.7% 31.0¢ australian gold and copper ltd

This is developing much stronger than I expected at this...

  1. oke
    3,444 Posts.
    lightbulb Created with Sketch. 903
    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: Today, 18:28
 
watchlist Created with Sketch. Add AGC (ASX) to my watchlist
(20min delay)
Last
31.0¢
Change
0.035(12.7%)
Mkt cap ! $79.54M
Open High Low Value Volume
27.5¢ 32.5¢ 27.5¢ $354.7K 1.175M

Buyers (Bids)

No. Vol. Price($)
1 155 29.5¢
 

Sellers (Offers)

Price($) Vol. No.
32.0¢ 1731 1
View Market Depth
Last trade - 16.10pm 15/08/2024 (20 minute delay) ?
AGC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.