AGS - Alliance Resources

[Sean K]

Just a caution with your chart kennas is the MACD divergance could also be a third wave div too forming. porkpie

Looks to be a positive divergence about to occur to me. What's the theory about 3rd wave div? cheers.

 

[porkpie324]

Kennas, I was looking at the recent sp highs as against the MACD highs, definate divergance, now I'm no great techy but MACD watchers would have noticed, in t/a MACD div is a strong signal. Now I hav'nt traded Alliance but it does look good. porkpie

 

[Out Too Soon]

I'd call it a nervous wobble at the moment , This is a good one to put chart theories to test, I'm obviously totally ignorant of such so Kennas, Porkpie, can you predict what the sp is about to do?

 

[Sean K]

I'd call it a nervous wobble at the moment , This is a good one to put chart theories to test, I'm obviously totally ignorant of such so Kennas, Porkpie, can you predict what the sp is about to do?

Chart says $1.28 ish, but once again, it's a probability.

Back under $1.00 atm indicates that the pattern might breakdown.

 

[porkpie324]

As I mentioned I'm not a great techy, I prefer to look at the fundementals, but as I see AGS its sp is in blue sky territory now, but I do look at charts for trading and take notice of MACD for medium trends and Stochastics for entry & exit points, ie MCR has been good Stochastic trader.porkpie

 

[Sean K]

Chart says $1.28 ish, but once again, it's a probability.

Back under $1.00 atm indicates that the pattern might breakdown.

I think the next push for this is in the lead up to the JORC inferred resource that Quasar (afilliate of Heathgate) is due to provide in Dec (exact date not sure) on the Beverly 4 Mile project. So the month of November could be a good one. This could be very good for the sp, considering the likely resource estimate in situ. Talk is that it could be in the top 5 resources in Australia which would make it huge.

Takeover rumours still out there. Heathgate may want to take the whole project.

Pattern still not broken and can still confirm cup and handle, or even could be starting to form a second one.

Could also be forming a tripple top.

(The triple top is a reversal pattern made up of three equal highs followed by a break below support. In contrast to the triple bottom, triple tops usually form over a shorter time frame and typically range from 3 to 6 months. Generally speaking, bottoms take longer to form than tops.)

Must be ready to grab a parachute if this is the case.....

 

[ezyTrader]

What's the likelihood of a triple top, kennas?

 

[Sean K]

What's the likelihood of a triple top, kennas?

Too many factors to consider, but it would be confirmed when the sp drops below the support lines. Below $0.90 would be a worry, below $0.70 would be aaaaaahhhhh! I'll sell out at about $0.88/89 if it gets there and look for a re-entry.

 

[dj_420]

hmmm good one to keep a watch on for an entry under 80 cents.

 

[Out Too Soon]

I've had a sticky note on my comp screen for the last 2 months reminding myself "HOLD until 2007 at least PLA, AGS, JML, BSG". I have to go back through my newspaper articles, printouts & various notes I've jotted down for the reasons but basically PLA starts mining, AGS as just noted by Kennas (Beverly 4 mile project), JML & BSG? well I had reasons but I'll have to review them again basically positive things are about to happen with positive influences on sp. I'm starting to believe that following trends & judging market sentiment is more financially rewarding than fundamentals.

 

[Sean K]

Closed at record high. Has completed cup and handle and looks set to continue higher from here imo.

 

[Sean K]

Up 7% to $1.10. he he.

Shouldn't gloat too early.

 

[tmallie]

Make that 16%............how much more do you think????

 

[Sean K]

Up 7% to $1.10. he he.

Shouldn't gloat too early.

$1.17, I can gloat now.

$1.00 should prove very good support on the downside now, pending any bad news which this company does not provide. They don't know how to do anything than come out with outstanding reports.

I reckon people are taking positions here expecting Heathgate to buy them out of their 25% stake in Beverly 3 Mile, because they know how good the resource is and why have a junior player on your coat tails when you have eveything prepared in order to start mining almost immediately. I mean, you can walk to the Beverly Mine from the 3 Mile prospect! They could carry the yellow cake by hand to their mill!

 

[Sean K]

Make that 16%............how much more do you think????

Could do anything tmallie. Anything. (like go down too )

 

[Fab]

I just bought into this one at 1.16 a bit high but I am hope it will go much much higher. Probably when come out in December

 

[Sean K]

I just bought into this one at 1.16 a bit high but I am hope it will go much much higher. Probably when come out in December

Good luck Fab!

As I said before I don't think there's too much downside atm. $1.00 should be good support. Having said that, it still needs some good results from drilling, and the inferred JORC in Dec will have to be OK, which I'm sure it will after those initial results already ann. Plus 4 mile is still open in several directions. Huge scope for further upgrades...

 

[laurie]

Speeding ticket issued

cheers laurie

 

[Fab]

Kennas,

I am not a specialist in Uranium exploration process, I am buying this stock purely based on advise and on the strong belief that Australia will and has to change its 3 mine policy.
Could you please explain to me what is the importance of " the inferred JORC in Dec" and is that the last step before they start producing Yellow cake .

 

[Sean K]

Speeding ticket issued

cheers laurie

Noooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooo!