Company has signed a sales agreement with Mitsubishi.
CR also has just been pretty much completed.
Also it seems like the lithium sentiment has stabilised and on the move up.
Short term targets are:
18.5c (last CR) & 25c (key level in the past)
looks to be a good buy at current prices but I'm waiting a few more days for more of an indicator as if the selling pressure keeps being so ever present it could turn bearish very quickly. following this stock so closely is a key reason why I still have hope but the chart isn't looking good from my personal TA approach.
wait for the right signal
At the end of March, AGY will *hopefully* be releasing news that they can produce 99.5% < battery-grade lithium. The market is preparing themselves for the news which is evident by the new short-term trend line forming. The closer to the end of March we get, we'll see past resistance become support for the next leg up.
1. Still trading above its 200 moving average
2. The 200 moving average has acted as a good support price point in the past and it looks like share prices are heading that way after failing to hold at 0.315 support on Friday 2-3-2018
3. A break out of the wedge price pattern and above 0.350 could see prices move further up towards 0.380-0.415