Buy Entry Cancelled as sellers drive price lower

Buy Entry Alert Cancelled on AGY as price pushes down through 0.225.

 

 


Original Alert 1/10/18

New Buy Entry Alert AGY

 

Time Frame : Daily

Sector : Materials/Basic Materials

Key Stats : $235.49 Million Market Cap, VWAP 0.26, ASX Ranking 530, 4 Week Av Turnover $588,605, Todays Current Turnover (intraday) $268,361.

Company Overview : Argosy Minerals Limited (AGY) is an Australian company with a current 77.5% interest in the Rincon Lithium Project in Salta Province, Argentina. Argosy is focused to be a lithium production company, leveraged to the forecast growth in the lithium-ion battery sector.

Broker Consensus : NONE

 

AGY – Argosy Minerals Limited

AGY is finding some buying support as price holds above 0.225 and builds for a run higher. We expect to see more buyers jump on board through 0.28 so are happy to buy at 0.285 and hold a stop loss at 0.225. If price falls to 0.225 prior to entry then we will cancel the alert and re-assess the action.

 

Stock Code : AGY – Argosy Minerals Limited

Company Website : www.argosyminerals.com.au

Current Price : 0.26

New Buy Entry Level (Trigger Level) : 0.285

Potential Sell Exit Zone (Stop Loss) : 0.225

Status : On watch for a Buy entry trigger