Charting, page-3290

I am going to play the bad cop again here but I do so with good intentions.

With 4 weeks till the end of the financial year, I think there is every chance that we will see the sp retesting the $0.07 - 071 level in the short term. Possibly more if we do not get one of the MOU parties signed up.
We continue to get updates but none of them will excite the market like one of the Chinese parties coming on board.
My observations of the charts don't show any signs of a turn up just yet. In fact the weekly mid week is showing signs that it will in fact continue and $0.063 is a real possibility.
Just don't get too caught up in the "they are a bargain at these levels hype"
Before rushing to buy, think about things and take into consideration what time of the year it is, who drives the market and why, is this retracement normal for AGY, can I handle the pain if it keeps going down etc etc.
IMO, this is still only a short term movement but it will cause some pain for some.