AGC 2.27% 21.5¢ australian gold and copper ltd

Chart & TA, page-376

  1. 1,105 Posts.
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    Nice to see a solid green candle today, albeit on low volume, after almost two weeks of near continuous red.

    Would love a V shaped recovery back to mid 30s, but too early to tell if we have hit the bottom of the current trend, or if significant green days are ahead.

    Anticipation for positive annoucements from AGC is still in effect for the near term, going by sentiment of management, industry peers in the exploration region, online stock investment commentators, and HC forum users for all that is worth.

    A negative Ann will possibly tank this stock as a duster for example is not built into the current SP. For now, expect the bears to want to push this down to $0.25 and $0.21 if unfavourable market conditions persist. It is said by some that September is historically one of the worst months for the ASX.

    Any great news which improves the fundamentals of the company, accompanied with increase in buyer demand, would likely have this shoot upwards hugely, going by the extremely thin sell volume up to $0.35 and $0.40 on the market.

    All IMO. Not financial advice. GLTAH.

    https://hotcopper.com.au/data/attachments/6436/6436716-2ed031d08d1c002d539a0d806245a42e.jpg
 
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