Running discussion on SP, page-69299

Around March 15, AVZ and several stocks in the sector seemed to bottom before a big subsequent rally (Which has since faded).
Today some of those stocks retraced that rally completely. AVZ still tracking the sector but doing better than many stocks

1/ Movement since Mid March

Stock –> Price as of March 14/15 –>Price today

AVZ – 82.5 – 1.06 (good rise – found support at round figure $1 and past key level)

PLS – 2.57 – 2.66 (today’s low of 2.56 - found support at mid March level; rally retraced)

AKE – 9.5 - 11.84 (good rise)

LTR – 1.48 – 1.44 (fall and found support at approx same level of mid March; rally retraced)

TESLA – 766.37 – 998.02 (good rise – main leader of sector IMO)

REMX etf – 97.7 – 95.22

LIT etf – 66.06 – 64.86

Gangfeng – 125.5 – 92.24

Albemarle – 176.29 – 198.46 (decent rise)

Tianqi lithium – 83.49 – 59.41

SQM – 70.36 – 74.54

2/ 6 month movement

https://hotcopper.com.au/threads/avz-chart.3105143/page-13263?post_id=60966585

Check good post by @Super yacht above

AVZ clearly better than many lithium stocks over 6 months

3/ 1 day fall

AVZ (2.75%),

MIN(9.93%), PLS ( 3.97 %), AKE ( 7.21 ), LTR ( 7.96 ), TSLA ( 0.7 ), REMX ( 3.12 ), LIT (3.57 ), Ganfeng ( around 9% ), Albemarle (1.09% ), Tianqi ( around 9% ), SQM (4.08%)

New day trading started for Ganfeng and Tianqi. So I don’t remember exact fall but I think it was around 9%

AVZ fall of 2.75% peanuts compared to sector. Very strong performance for the day in broader context.

4/ 1 year movement

https://www.marketindex.com.au/commodities/lithium

AVZ +473%

MIN(+20%), PLS ( +132%), AKE ( +78%), LTR ( +302%), LKE (+541%), SYA (+834%) CXO (+427%)

AVZ doing very well even compared to stocks with lower market capitalizations over a year

5/ Other points

Several resource sector ETFs and some stocks (LIT ETF, Albemarle, REMX, etc) recovered a fair bit of fall last night. Possible bottoming..?

REMX has gone slightly below support. Let us see if it recovers
https://finviz.com/quote.ashx?t=REMX&ty=c&ta=1&p=d

TSLA still hovering around $1000 key level since long
https://finviz.com/quote.ashx?t=TSLA

LIT touched lower trendline support
https://finviz.com/quote.ashx?t=LIT&ty=c&ta=1&p=d

Falls of Ganfeng and Tianqi over last year are much more than others and possibly dragging sector sentiment a bit.

6/ Conclusion

Just a note that while I’m comparing stocks, nothing is meant to put down other stocks but just want to check strength of AVZ. IMO, all of us lithium investors should hope that other stocks too do well so that sector picks up and overall sentiment improves.

Sector slumped overall recently.
AVZ still one of the standouts as can be seen above.
AVZ continues to track the sector but generally outperforms many stocks over multiple timeframes.

Several stocks in sector are somewhat at semi-support levels. Hopefully, they will hold
Please DYOR