Look at this 4 day graph. Very revealing.
MACDs now positive 2 days straight,
BB up 2 days straight
large volume buyers attacked - on mondays reopen then Tues lunchtime, then Wed open then today lunchtime & at open
The drop into close wed may have even been them to manipulate this low at 3.3c.
This does not look like a liquidation trade but an accumulation trade in large volume. Sure the shorts have had a field day for 2 years but im watching this week buddy, the new AGO.
3.6 -4.0 should be very interesting as this is the real battle between longs v shorts right now
all the TA gurus will tell you something is fishy here.
Whether AGO survives or not will be determined by the big boys by January, US NHs want their repayments and are getting them, they dont want a closed dead carcass, look at what they did with MBN, it relisted with a Disallowed! AGO is trading right now like its ripe for a spike. If a large 5% substantial holder appears on book on Monday/Tuesday then the gig is up.
We are being played boys!
Wait for confirmation,