Looks to me that it has been grossly over sold if you look @ the RSI.kennas said:Was good that it bounced off $1.65, but I'd be on the lookout for a possible H&S pattern forming up here.
If it fails around $1.90 ish (resistance at $2.00 ish so a possibility) and heads back down, a break through $1.65 could send it to $1.00 ish. (the distance from the neck line to the top of the head is about 60 cents. $1.65 less 60 = $1.00 ish - and also a support line) However, that support line around $1.35 might steady it.
MACD looks like a positive turn up in the short term however. I probably won't re enter until it breaks through $2.00....
Fab said:Looks to me that it has been grossly over sold if you look @ the RSI.
Try this Syd:sydney1963 said:What is RSImean????
The only way that AGS get out of this problem is by another ann. with the estimate resources under ground.mmmmining said:Halba,
I have to admit you did not get it. I am not here to promote PNN. I am here to promote a method to handle nervous and stress.
Your view and my view cannot move the market. Whether I said PNN worth $4 or your said PNN worth 20c have little to do with AGS share price.
But you have to find a way to deal with the reality, sometimes, you are in a very bad situation. When you are not in good mode, you can easily made poor decision.
I try to think wining or losing is not everything. Gradually, I have less and less feeling about daily up and down of the share price. I admit it is still a long way for me to go to have a peace of mind.
SMM/PDN related I guess.Fab said:AGS moving up strongly today. Any idea why? Insider trading?
I am wondering if this one could be our next PDN or even SMM (as a takeover target)kennas said:SMM/PDN related I guess.
Developing quite a bit of resistance between $1.85 and $2.00. Indicators saying it might be turning back up. Will be very positive getting to around the green circle.
H&S formed. Not a good sign IMO. JORC due, so maybe that news will prevent it falling over. Needs to get it out soon...kennas said:Was good that it bounced off $1.65, but I'd be on the lookout for a possible H&S pattern forming up here.
If it fails around $1.90 ish (resistance at $2.00 ish so a possibility) and heads back down, a break through $1.65 could send it to $1.00 ish. (the distance from the neck line to the top of the head is about 60 cents. $1.65 less 60 = $1.00 ish - and also a support line) However, that support line around $1.35 might steady it.
MACD looks like a positive turn up in the short term however. I probably won't re enter until it breaks through $2.00....
Yep, I still think so. It's finished above 160 today, so might escape, but looks ominous. Long, long term holders should relax though IMO.ezyTrader said:Oops, just read your previous posts.
So, a clear 2.00 would definiitely bring it out of the woods.
I've been following this one from an E/W perspective, looks ripe for a turnaround, also trying to see if I can get an entry indication with vol/spread.tmallie said:Up 8% today!
Hope this is a change in direction with the JORC hopefully around the corner!
T
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