So another weak play here?.
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Yes after recent 21.5, a play back at 14 level. So playing with weakness. For the whole week, it played with weakness, but in a narrow trading range between 14 and 16.5, but mostly around 14.5/15. So not great at this stage.
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From a weekly perspective, loss from 16 to 14.
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Personally, I had bought some at 16.5, I let go this week at 16 at a slight loss, but was not a big play for me. I was hoping for a rebound, but when i didn't see that coming in Li macro, I let go a few Li stocks. I have always written that price action is most important for me, but earlier in the week, I didn't get a good feel around Li play, and I let go some including GT1. I am waiting now to see where I pick up. I know I will. I am reasonably confident that I may write I am holding next week, because I am looking for it, so watching carefully now. Overall though, not a great look, I wouldn't have been unhappy about 14, but to suddenly drop from 21.5, some may think it has gone ahead when it reached 11. So a tough play for holders coming up. I know people don't like when I sell. But I am very clear, when I don't like a price action, I exit. Fundamental is great, but not better than price action. Hope people understand why I got out rather than trash me for selling.
For those interested how stock is tracking against other Lithium stocks or who hold multiple Lithium stocks, I do a Weekly Report across 96 ASX Li stocks. It has got Weekly/Yearly data how stocks are tracking. I also have commentary across general markets and sector. Those just holding specific stocks, it may not be relevant, so please ignore.
Here is the report for this week.
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https://hotcopper.com.au/threads/sya-weekly-report.6951924/page-3#post-73029125
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Last
5.5¢ |
Change
-0.006(9.84%) |
Mkt cap ! $17.69M |
Open | High | Low | Value | Volume |
5.7¢ | 5.7¢ | 5.5¢ | $12.31K | 221.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 6728 | 5.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.8¢ | 95741 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 6728 | 0.055 |
1 | 500000 | 0.054 |
1 | 30000 | 0.052 |
1 | 500000 | 0.051 |
3 | 90019 | 0.050 |
Price($) | Vol. | No. |
---|---|---|
0.058 | 95741 | 2 |
0.060 | 208411 | 1 |
0.061 | 42652 | 1 |
0.067 | 1906 | 1 |
0.072 | 106148 | 1 |
Last trade - 11.00am 29/07/2024 (20 minute delay) ? |
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GT1 (ASX) Chart |