"It is getting boring and utterly predictable."Sure is. Hate being right more times than AGY's lithium grades (actually more, as the grades seem to have dropped from 99.7%) every time I post a charting analysis, but AGY are too predictable. This we can agree on.
Daily & weekly chart. As predicted yesterday, new low formed and closed. Again on higher rising volume, this time larger than last 8 days. I did say I'd like it see it hold the 20's until at least next months update, but the price action paired with the fundamentals may see it dropping into the high teens (for a start).
Haven't been able to track the order book today as too busy, but will get a better feel on Monday/Tuesday. If those million+ buy orders get stacked on the buy side for the first three order prices, they'll get pulled and price will drop further. Same pattern, over and over again and hasn't changed in the last couple of months.
If any close under 20c, then ~14.5 - 17.5c will be in play with strong probability of selling to it.
The scary thing is, that the major milestones are likely delayed to 2024. This delay isn't even priced in yet... I would say at 14c it would have to be priced in as investors get fed up with being strung along. As a commercial producer, got to be the most disastrous stock on the ASX! Let's hope 20c holds!
GL, DYOR, IMO.
