Appears to me this recent rally (from late March) is now complete - having almost reached $2.15 yesterday. RSI is indicating significant overbought territory. I attribute the recent rally to a "buy on the rumour" strategy in anticipation of positive results due to be announced. This has, IMO, been accelerated by a short squeeze. My concern, at this point, is even if results exceed market expectations, due to this significant rally from $1.60s to $2.15ish, this may have been "baked in" and there will be a "sell on the fact" trade coming. If correct, I anticipate AGI will test support at $2.03 in the short term. I'd be a seller here!
MACD, page-42
-
- There are more pages in this discussion • 44 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add AGI (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
74.0¢ |
Change
0.005(0.68%) |
Mkt cap ! $252.5M | |||
| Open | High | Low | Value | Volume |
| 74.0¢ | 74.0¢ | 74.0¢ | $4.16K | 5.621K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 22442 | 74.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 74.5¢ | 340 | 1 |
View Market Depth
| Last trade - 11.06am 04/12/2024 (20 minute delay) ? |
| AGI (ASX) Chart |
