SoloTraderAU

Future of Aurelia Metals Limited

ASX:AMI   AURELIA METALS LIMITED
2018.06.28 TA Report
Aussie Market Buy/Sell ratio = 0.35
Buys: 251 (12.2%)
Sells: 716 (34.8%)
Hold: 1091 (53.0%)

Let's see previous 5 days relative timing values by VectorVest on this stock:

28-Jun = 1.26
27-Jun = 1.28
26-Jun = 1.31
25-Jun = 1.33
22-Jun = 1.31

AMI.AX has a current Value of $1.10 per share, which is undervalued compared to its Price of $0.57 per share. Value is computed from forecasted earnings per share, forecasted earnings growth, profitability, interest, and inflation rates.

RT analyzes a stock's price trend. AMI.AX has a Relative Timing of 1.26, which is very good on a scale of 0.00 to 2.00. RT is computed from an analysis of the direction, magnitude, and dynamics of a stock's price movements day-over-day, week-over-week, quarter-over-quarter and year-over-year. If a trend dissipates, RT will gravitate toward 1.00.
As RT -0.90% hits close to 2.00, we considered CLV -0.55% .AX is overbought atm. For a longer run, Midas Touch graph still look very well.

Let’s have a look on the technical analysis for more information:

Today’s insights
On 8th Jun, AMI.AX announces that it has been informed that Pacific Road Capital’s entire 36.7% shareholding (313.7M shares) in the Company was successfully sold and placed to a range of existing and new institutional investors overnight.

Well, that news didn't quite stimulate the stock price, but it shot up 10% to form a Lower High, forming a symmetry triangle pattern (see the left chart), MACD crossover downward began on 12th Jun.

We can also see the recent RT values has been descending for a few days, it tells us that the timing is not right of this particular stock. We have a principle in trading penny stocks: “Buying shares in rising market”, not “Buying shares in declining market” nor “Averaging shares in declining market.”


Conversely, In the Ichimoku analysis, the chinkou span is still currently above price, and there is no sign of tankan-sen cross below kijun-sen at this moment.

At last, we cannot conclude AMI will fall, but we at least protect our profit by the support levels below:

  • VectorVest suggested stop price at $0.49
  • Fibonacci Ratio 38.2% at $0.535
  • Ichimoku’s chinkou span support at $0.54

Related Ideas

Comments

farting still
Reply
may pyramid when it gets cranking...
Reply
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