AGO 0.00% 4.5¢ atlas iron limited

RorkesI think you may be asking the impossible. Charting doesn't...

  1. 208 Posts.
    Rorkes

    I think you may be asking the impossible. Charting doesn't let you predict the share price, but rather lets you set parameters to react to share price movements in the view to stacking the probabilities in your favour.

    What I can tell you though is that if it doesn't break the $4.00 barrier convincingly then it's going to continue it's current trading band of $3.50 - $4.00.

    If it loses support below $3.50 convincingly then we will see the $3.20 area again.

    I would only enter within the next week if it breaks the $4.00 mark convincgly because of how steep the current short term trend is.

    Another point of entry I'd consider is if the share price can hang around current levels for the rest of the week.
 
watchlist Created with Sketch. Add AGO (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.