AGO atlas iron limited
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general thoughts anyone, page-9

  1. Profit Taker
    3,558 Posts.
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    16/04/12
    09:57
    Post #: 9984517
    JG

    Have to agree with Hotfire, macro conditions will dictate whether AGO confirms the breakout of the downtrend with conviction this week.

    If it can't, then we may see it move back into the previous trading range. I am looking for support around $2.80 off the longer-term trend before it has another go at the upper line of the downtrend.

    Can also see a H&S playing out?


    AGO Price at posting: $2.91 Sentiment: ST Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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