MACD, page-23

the chart certainly suggests the downtrend has settled but the chart is meaningless until agi actually releases some positive news to generate genuine bullish sentiment.
it could be just day trading range bound variation so i certianly wouldnt buy just because of this small rise.
i suspect some of the positive sentiment is overflow from the incredible track record of ALL over the last few years.
people are thinking that - given the focus of AGI is on international growth - they should be able to achieve this given the success of ALL and the promises of management.
i think the potential is certianly there, but the domestic woes are really undermining agi and the div cut hurt sentiment given it was an attractive yield play previously.
the next end of fy report and outlook will be very interesting for agi and will likely either drive it back to 1.60 or up to 2.40 so it should be a big swing, i just have no idea which way it will go and dont fancy to have a punt!