AGY 4.00% 13.0¢ argosy minerals limited

Around these price levels people tend to get FOMO and buy in. I...

  1. 748 Posts.
    lightbulb Created with Sketch. 1714
    Around these price levels people tend to get FOMO and buy in.

    I think nows not a bad time considering how low we are, but if you want more certainty and wanting to buy in later after a bit of derisking i don't think you should worry you'll miss out.

    Here's a case study from your boy Jez:

    Last bear run from 2018-2020, we didn't enter a bull phase until the minute the Monthly MACD reached positive (green). A bloke on the forum called W3Hunter came on the scene and said the daily, weekly and monthly MACD turning green all at the same time would catalyse the beginning of a wonderful bull run (and it did).

    upload_2024-1-25_18-9-13.png

    As you can see we haven't even reached the light red phase, let alone ending the continuous dark red MACD bars.

    Secondly: Just like in 2022 when spot price started falling, we had about 2 months before it started affecting our share price (that was 2 months to realise we should sell, arghh why didn't i? oh yeah, because JZ said "Imminently")

    So in 2020 after 2 years of prices tumbling, spot prices started rising in at the end of August 2020.

    upload_2024-1-25_17-55-9.png

    But it didn't start affecting our share price until November 2020.

    upload_2024-1-25_18-4-46.png

    To be honest i think our share price will be a bit more reactive to lithium pricing with less of a delay now that we have a futures market for lithium, but i still think due to the signalling of the Monthly MACD being still in the dark red stage, i don't think we've seen the bottom yet (unless Jerko announces tomorrow that virgin mother mary has had another baby).

    Let's see if Jerko derisks this for us a little with progress from Pablo, and reassurance of strategic partner still in place and no capital raise. So far the signals have not told me to buy, so i shall wait.

    Cheers, hope you liked the case study
    - your boy, Jez.
 
watchlist Created with Sketch. Add AGY (ASX) to my watchlist
(20min delay)
Last
13.0¢
Change
0.005(4.00%)
Mkt cap ! $182.5M
Open High Low Value Volume
12.5¢ 13.0¢ 12.5¢ $171.6K 1.351M

Buyers (Bids)

No. Vol. Price($)
23 1210063 12.5¢
 

Sellers (Offers)

Price($) Vol. No.
13.0¢ 399834 10
View Market Depth
Last trade - 16.10pm 17/05/2024 (20 minute delay) ?
Last
12.8¢
  Change
0.005 ( 2.00 %)
Open High Low Volume
12.5¢ 12.8¢ 12.5¢ 522688
Last updated 15.59pm 17/05/2024 ?
AGY (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.