AGY trade ideas
665665d bearish trend will be tested.
Technical indicators are suggesting SP will breakout to the upside this time, but I can't see this happening with current fundamentals. So are the technical indicators predicting trend changing news in the near term?.. I dunno, but this will be good to observe and analyze.
Gap and go?This is a pattern and indicator analysis.
Trend reversal signs
Momentum breaking above 0.002.
CMF increasing steadily from around -0.6.
RSI downtrend breakout.
and a bullish engulfing candle that exceeds above the 10 day EMA.
Something else to note is the breakout above the 100 day downtrend line and the high volume, AGY doesn't appear to get dumped after volume of this magnitude, so it shows its got potential.
Hopefully going to see a 25% move up as we follow the predicted CMF trend line and make contact with the long term bearish trend line, a breakout above that would be highly encouraging.
We just need to break through 0.058-0.06 resistance area first.
AGY analysislooks to be a good buy at current prices but I'm waiting a few more days for more of an indicator as if the selling pressure keeps being so ever present it could turn bearish very quickly. following this stock so closely is a key reason why I still have hope but the chart isn't looking good from my personal TA approach.
wait for the right signal
AGY's short term trend line is getting ready for the next leg upAt the end of March, AGY will *hopefully* be releasing news that they can produce 99.5% < battery-grade lithium. The market is preparing themselves for the news which is evident by the new short-term trend line forming. The closer to the end of March we get, we'll see past resistance become support for the next leg up.
AGY.ASX Technical Analysis 1. Still trading above its 200 moving average
2. The 200 moving average has acted as a good support price point in the past and it looks like share prices are heading that way after failing to hold at 0.315 support on Friday 2-3-2018
3. A break out of the wedge price pattern and above 0.350 could see prices move further up towards 0.380-0.415