AGS - Alliance Resources
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Sean K
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Sean K
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Got a bit winky about AGS back in August and sold 11k parcel for 64% profit.
Now patting self on back for retaining 12k and hanging in for next thrust upwards
Now patting self on back for retaining 12k and hanging in for next thrust upwards
last 2 days have again seen very solid buying near the close...perhaps there are drill results coming up again in the next week based on previous announcements.
Great thing about this stock, every time it retraces a little there is clearly plenty of buying to accumulate more, I think there is very smart money in this, look at how strongly it rebounded when it dropped back to low 60s. Plenty more upside yet, how much who knows until we get JORC compliant resource, but certainly double or treble within 12 months if they continue to deliver the drill results.
And unlike any number of other U hopefuls, they will be able to produce within 3 years. If they get to that stage it could be five fold or more the current price (but there are a few hurdles to clear before then).
Great thing about this stock, every time it retraces a little there is clearly plenty of buying to accumulate more, I think there is very smart money in this, look at how strongly it rebounded when it dropped back to low 60s. Plenty more upside yet, how much who knows until we get JORC compliant resource, but certainly double or treble within 12 months if they continue to deliver the drill results.
And unlike any number of other U hopefuls, they will be able to produce within 3 years. If they get to that stage it could be five fold or more the current price (but there are a few hurdles to clear before then).
Sean K
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It's only a double top if it actual 'tops'. Perhaps it'll push through?
Sean K
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I sold all at $0.80.....
Good luck to those still holding. Takeover spec in the Fin this am.
This could still do anything...
Good luck to those still holding. Takeover spec in the Fin this am.
This could still do anything...
I watched AGS from 40c, havn't buy until 91.5c( the highest price ) , and later it down and I bought it again at 85c.
According to wave theory, AGS just got the third wave which is the strongest.
I can see it up to 1.2$ at present, maybe 1.6$ further.
Any opp. ?
According to wave theory, AGS just got the third wave which is the strongest.
I can see it up to 1.2$ at present, maybe 1.6$ further.
Any opp. ?
kennas said:I sold all at $0.80.....
Good luck to those still holding. Takeover spec in the Fin this am.
This could still do anything...
Kennas mate did you make a profit? if so well done at the end of the day that's what it's all about hindsight is a great thing what would you say if it fell back to .70c after you sold! there are other fish in the ocean to catch go to it young man
cheers laurie
Sean K
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Sean K
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laurie said:Kennas mate did you make a profit? if so well done at the end of the day that's what it's all about hindsight is a great thing what would you say if it fell back to .70c after you sold! there are other fish in the ocean to catch go to it young man
cheers laurie
Yes Laurie. Bought around $0.15.
ALFguy
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Anyone noticing AGS making another attempt to push through? currently at 94c...still early!
Sean K
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Posted this on Breakouts but should be here too.
Broken up through $1.00 on volume from a nice cup and handle pattern. Needs to hold up here end of day and tomorrow for confirmation, but could really jump from here. Target $1.28 (distance from bottom of cup to rim)
It could be just responding to the general market sentiment towards U stocks past 3 days too.
I'm back in. Picked up a few at $1.01.
Chart looks good for the minute but I'm wary of another pull back. Should be limited now though I think.
Broken up through $1.00 on volume from a nice cup and handle pattern. Needs to hold up here end of day and tomorrow for confirmation, but could really jump from here. Target $1.28 (distance from bottom of cup to rim)
It could be just responding to the general market sentiment towards U stocks past 3 days too.
I'm back in. Picked up a few at $1.01.
Chart looks good for the minute but I'm wary of another pull back. Should be limited now though I think.
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Sean K
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Definite cup and handle material here. Holding at $1.00. Looks set to burst. Will be interesting to see if this pattern is confirmed with breakout.
(I wonder if T/A really works? I suppose this will be a time when it doesn't since I'm making the call. All probabilities still... )
(I wonder if T/A really works? I suppose this will be a time when it doesn't since I'm making the call. All probabilities still...
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Just a caution with your chart kennas is the MACD divergance could also be a third wave div too forming. porkpie
