AGS - Alliance Resources

[Sean K]

I will not sell now so I think this one is due for a correction now I thought the same when it got to $1 and it kept going up and up.
Relative strengh index appears to be very close to 100 which is normally a sign that it should correct.

All the indicators are saying overbought. I'm like you though, wanting to hold. I sold completely out at around $0.75 thinking it had gone to far, and managed to get back in early enough for this run but, gee, it's looking toppy.

 

[stockmaster]

The trend for this share is bit irregular, I believe there are a lot of big buyer beyond the market. It seems to be bit risky now, but then again the reward might be very unexpectable. Keep watching!


Cheers!

 

[Fab]

It might get another kick when Jorc is released

 

[michael_selway]

The trend for this share is bit irregular, I believe there are a lot of big buyer beyond the market. It seems to be bit risky now, but then again the reward might be very unexpectable. Keep watching!


Cheers!

yeah this one has absolutely gone crazy

thx

MS

 

[laurie]

I rather be on than in and out this one can catch you out big time if you are trying to get back in if the sell side is very thin

cheers laurie

 

[Fab]

Today will be interesting . I am expecting it to correct but who knows with AGS. I guess it can not keep rising for ever
If a correction happen I think it won't be for too long

 

[Sean K]

Today will be interesting . I am expecting it to correct but who knows with AGS. I guess it can not keep rising for ever
If a correction happen I think it won't be for too long

Will see some profit taking I think.

 

[Fab]

Yes I believe so Kennas. This might give a floor to the SP

 

[56gsa]

i think i'll bail for the moment - what a ride - been on this since 41 and was almost going to sell when it passed 50....

reluctant to sell because it just doesn't stop but assuming 255m shares @ $1.85, and 8000t of U - its 25% share of the estimated deposit - this gives AGS an EV of $26 - that is getting towards producer status which it may well become but its not there yet. Of course this ignores 1) other projects of AGS and 2) any possible increase in size of deposit when JORC is released - but that would have to be substantial from original estimate of 32t ....

 

[Sean K]

Yes I believe so Kennas. This might give a floor to the SP

I'd like to see it hold above $1.70 and consolidate for a bit. Otherwise, if things go generally pear shaped, it's back to $1.40 imo.

 

[Fab]

It is holding very well at the moment. I am quite impressed by this one as I thought it would correct much more than that after the meteoric rise of the last few weeks. This is a very good sign

 

[Sean K]

Crystal ball stuff, but what I'm looking for here is new start of a consolidation period with the chart forming another beautiful little pennant to have it set for a push on through $2.00.

Might be dreaming, but would be nice. Hopefully this pattern pans out for us.

 

[Sean K]

Pattern is starting to form. Break though $1.90 would give me a price target of about $2.50. Fanciful stuff perhaps, but if the JORC is enormous and as high a quality as expected, who knows? I'll be topping up on another break up I think.

 

[kaleon]

I will not sell now so I think this one is due for a correction now I thought the same when it got to $1 and it kept going up and up.
Relative strengh index appears to be very close to 100 which is normally a sign that it should correct.

C,mon!! You should know better than that if you really understood technical analysis. Don't expect to buy back on dips below 30. Buy back on dips below 60. This is a sign of a stock going places

 

[Sean K]

Get set for another take off in AGS.

Break through $1.90 very bullish, while break under $1.75 could be bad news.

Primed to go either way, but it is in an uptrend....

On the other had, will it go sideways for a while? Doubtful at this point with the JORC due. It will either be great and the sp will go up, or worse than expected and crash. Can't see anything in the middle.

 

[laurie]

Well at least you covered yourself kennas

cheers laurie

 

[Sean K]

Well at least you covered yourself kennas

cheers laurie

I'm no fence sitter Laurie!

 

[Sean K]

Well, looks to be taking the downward path to me. If I was trading it short term, then I'd sell it if it broke under $1.75 today. However, Quasar JORC due this month, so I'm holding. Plus, got in pretty early so expect there to be consolidation periods. Next real support down at $1.40 which is a bit concerning. But I'm not sure if it could go back there before the JORC comes out. Surely punters are waiting on that......

 

[Fab]

OOps correcting badly at the moment. Probably not a bad sign as it had run too strongly in my opinion to keep it going for too long. Indeed JORC release should be the trigger of uptrend or downtrend

 

[Fab]

Free fall now. It will be good when the asx closes for limiting the loss for today