There's something fishy in the trading of this stock.
Huge pre-open cross trades going through lately at far below the previous day's closing price.
Also keep in mind that as the stock is listed on the TSX, any significant move overnight in Toronto will cause the stock to gap on open on the ASX.
I got stopped out today at a 4% loss.. I held on til close as I thought yesterday's bar may have had the making's of a shakeout. Price was well outside the daily Bollinger and printed consecutive bars outside the Bollinger on the intraday. It wasn't to be; bar closed on its a on high volume having broken down out of the uptrend channel.
Price bounced slightly off the 200SMA and the horizontal support shown by the black segment.
Indicators have turned very bearish, having broken down from their uptrends which I've marked.
Looking pretty ugly; emphatic breakdown on very high volume with indicators breaking down into sell territory.
PVIP
AQG Price at posting:
$2.20 Sentiment: Sell Disclosure: Not Held