AGI 4.55% 92.0¢ ainsworth game technology limited

MACD, page-42

  1. 3,137 Posts.
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    Appears to me this recent rally (from late March) is now complete - having almost reached $2.15 yesterday. RSI is indicating significant overbought territory. I attribute the recent rally to a "buy on the rumour" strategy in anticipation of positive results due to be announced. This has, IMO, been accelerated by a short squeeze. My concern, at this point, is even if results exceed market expectations, due to this significant rally from $1.60s to $2.15ish, this may have been "baked in" and there will be a "sell on the fact" trade coming. If correct, I anticipate AGI will test support at $2.03 in the short term. I'd be a seller here!
 
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