AGY 3.57% 13.5¢ argosy minerals limited

Weekly close.Beware of a possible bull trap, I think it's...

  1. Fid
    2,157 Posts.
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    Weekly close.
    Beware of a possible bull trap, I think it's unlikely though from my analysis of the Li spot recovery, but if I was looking to sell short it would be here should the situation change, note the red circle.
    As @seagull has noted the gap has a high probability to close which takes it down to 13.5 for a test at that level & if successful a bounce back to 17.5 would be possible, I'm just unsure because of the below average volumes traded.
    The market maker will be pist because he had to supply liquidity & will want that gap to close so he can close his position.
    Price is tantalizingly close to the blue moving average, once above that you're in clover.
    This is a tricky situation, so the more TA input to cover this the better guys & gals
    imo only
    https://hotcopper.com.au/data/attachments/6004/6004976-ba194da46241d58e9e34a32724654e06.jpg
 
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Last
13.5¢
Change
-0.005(3.57%)
Mkt cap ! $189.5M
Open High Low Value Volume
14.0¢ 14.0¢ 13.3¢ $238.6K 1.752M

Buyers (Bids)

No. Vol. Price($)
4 1229889 13.5¢
 

Sellers (Offers)

Price($) Vol. No.
14.0¢ 829014 11
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Last trade - 16.10pm 26/04/2024 (20 minute delay) ?
Last
13.5¢
  Change
-0.005 ( 3.57 %)
Open High Low Volume
13.5¢ 14.0¢ 13.5¢ 1128803
Last updated 15.59pm 26/04/2024 ?
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