As you might have noticed the short sellers are back:
"The current short volume is 1.6 times it's AGS historical average of 0.02%, soared 512.6% from the previous day, soared 924.6% from a week ago and soared 1,488.1% from a month ago." - buysellsignals
Their target for tomorrow: 26.5c (2 significant orders up already at this level 200,000 and 400,000 units). I have seen them pull these orders halfway through the day but more often than not it will close at this level or close to. I don't know if they triggered a stop loss or someone just shat their nickers at 32c today but it played right into their hands.
If we get another bearish day on the broader market then I suspect AGS will close at or close to this level.
This in no way removes my medium term bearishness on this stock.
AGS Price at posting:
31.0¢ Sentiment: Hold Disclosure: Held