As posted on another thread, XJO and XAO charts looking very...

As posted on another thread, XJO and XAO charts looking very ugly, with the ~6 week downward trend seeming to breakout to the downside today.

Points to the possibility of further drops in the coming days on the ASX. May see AGO drop further before the market settles. Would be interested in the analysis of any TA experts out there on this front (FYI, I'm just a TA hack).

Post this period, expect to see the share price head north as the off-take agreement and resource increase (magnetite) are announced, and we move within two months of production starting. Future is bright, just a few rocky weeks ahead...