$AGY closed above 200MA and is above and 20 EMA . Possibility of going higher due to all ordinaries going higher than 7000 points on the 21/07/22 in my opinion.
665d 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.
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...
Watchlist
Price moved above short term trend line
Keep an eye on 5.7c level
Trading above 21EMA
Increase in volume
If price can move above 5.7, target 7-7.1
Company has signed a sales agreement with Mitsubishi.
CR also has just been pretty much completed.
Also it seems like the lithium sentiment has stabilised and on the move up.
Short term targets are:
18.5c (last CR) & 25c (key level in the past)
Thoughts?
looks 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
Chart looks like its recovering well from the dip. Filled Gap today. Looks to be going higher. Wouldnt be surprised it to test 25.5c then 27c next week. FA news could see it fill that 30c gap.
AGY ascending triangle and break out of downtrend line. Bull vol increasing.. Daily reversal candle stick so watch for break of .290 as this would mean more consolidation.
#lithium
At 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.
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
