AGC australian gold and copper ltd

Chart & TA, page-350

  1. oke
    3,901 Posts.
    lightbulb Created with Sketch. 1087
    https://hotcopper.com.au/data/attachments/6430/6430640-6a9522f0a36b0661aa3c265326cf0ad6.jpg
    https://hotcopper.com.au/data/attachments/6430/6430641-b8a030457661acf3bb75086be970bd79.jpg
    Slipped below the EMA(50) on increased volume though not significant volume to suggest anything.
    MACD crossed into negative momentum as one would expect after 9 red candles
    VWAP 29¢
    In the absence of good news.. id be looking at finding support at 26¢ and 21¢ as previous valley lows

    They need some decent high grade intervals to justify the MC ...cash at $20 minus RC and DDrilling campaign gives AGC time to find a great deposit ,,if it exists.
    I need to see highly mineralised core intervals before I dip my toe in again.
    There will be a lot of pressure on Glens shoulders right now from the board and how they disseminate information and its timing - the longer they take the more DD's they can do and increase the chance of a Eureka moment.
    Keenly hoping Glen and the team come up trumps


    Last edited by oke: 03/09/24
 
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