$AGDY Daily Chart ~ No Sellers Since the 34% Gain
Post# of 2561
Posted On: 06/29/2014 3:45:26 PM
$AGDY Daily Chart ~ No Sellers Since the 34% Gain on June 23
Since the last of the 350k-400k seller(s) was taken out last Monday, AGDY hasn't seen one sell order. The flip side is that we also haven't seen one buyer. The stock traded zero volume on Tue, Wed, Thurs, and Friday. I'm taking this as a very good sign that AGDY will explode to the upside once any positive, material news is announced by the company. Keep in mind, this stock has moved from under .01 to as high as .366 on speculation of previously announced partnerships/acquisition. As the stock sold off during the current OTC bear market, in effect for at least 4 months, the stock has actually held extremely well. A look at the chart shows that the high .16s/.17 level has become a minor resistance point. So any close above it, on strong volume, should take the stock into the .20s/.30s rather quickly. As I've mentioned often, though, AGDY is not a chart play at this time. Once management begins updating up with material events, I would expect the stock to be trading at much higher levels, and it will begin to develop its own trading characteristics. Until them, I will continue to add to any dips when possible. GLTA
Since the last of the 350k-400k seller(s) was taken out last Monday, AGDY hasn't seen one sell order. The flip side is that we also haven't seen one buyer. The stock traded zero volume on Tue, Wed, Thurs, and Friday. I'm taking this as a very good sign that AGDY will explode to the upside once any positive, material news is announced by the company. Keep in mind, this stock has moved from under .01 to as high as .366 on speculation of previously announced partnerships/acquisition. As the stock sold off during the current OTC bear market, in effect for at least 4 months, the stock has actually held extremely well. A look at the chart shows that the high .16s/.17 level has become a minor resistance point. So any close above it, on strong volume, should take the stock into the .20s/.30s rather quickly. As I've mentioned often, though, AGDY is not a chart play at this time. Once management begins updating up with material events, I would expect the stock to be trading at much higher levels, and it will begin to develop its own trading characteristics. Until them, I will continue to add to any dips when possible. GLTA
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