GL1 Megathread, page-1527

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Cusox

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12/01/24

20:11

Post #: 71857402
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Originally posted by dc1234 ↑

Today I bought fair few GL1 at average 72c.
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For thothose interested, I do a Weekly Report across 96 ASX Lithium stocks, currently under SYA thread. I have been doing it for 2 years and it also has last 2 years data there.
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My first post in a long time. Last time I held GL1, it was in 200s. So we have come a long way. So why did I buy today, especially when Li sector sentiment is atrocious. Firstly, I feel risk reward may be good from here. Secondly, just on gut feeling, Li sector may be within 10% of bottoming, can't pick bottom, so started buying. And lastly, I was holding around 60% of my portfolio in Uranium stocks. I always write my personal situation on all stocks that I write. Uranium stocks made big gains last few days. I exited around 80% of that today, so had some coins which made it convenient to buy.
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I am always a follower of price action. I write that every time. Most times I am not able to justify market caps based on fundamentals. I do follow fundamentals, but for me key is price action. So if that is not good, I exit, without emotion. So here, if 70 does not look like holding, I will exit and then try another entry. Trend is important rather than price.
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So what can we expect next week? Firstly, Li sector sentiment to be at least neutral. Then hope shorters, if any slowly exit. Key numbers, 70 down, 90 up. I am hoping we see some upside. Will that happen? Let's hope so. Enjoy your weekend and all the best.

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Welcome back ! Hope that Gl sp recovers with your brief presence in the register so that you can gloat about your brilliant strategies, after you move on. lol

GL1 Price at posting: 71.5¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 27.0¢		Change -0.005(1.82%)		Mkt cap ! $67.66M

Open	High	Low	Value	Volume
27.5¢	27.5¢	25.5¢	$134.8K	508.1K

Buyers (Bids)

No.	Vol.	Price($)
7	102687	26.5¢

Sellers (Offers)

Price($)	Vol.	No.
27.5¢	90484	6

View Market Depth

No.	Vol.	Price($)
7	102687	0.265
5	141457	0.260
8	71478	0.255
10	150340	0.250
3	8800	0.245

Price($)	Vol.	No.
0.275	12602	5
0.280	7550	4
0.285	2445	1
0.295	33000	1
0.300	141574	5

Last trade - 14.36pm 21/06/2024 (20 minute delay)

GL1 (ASX) Chart

GL1 Megathread, page-1527

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GL1 Megathread, page-1527

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