Just a weekly update, or should I say fortnightly, as have been watching.
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From a weekly perspective moved from 2 to 2.4, so on a healthy up. Couple of weeks back when I last wrote, it was 2.4. So playing in similar zone. Volume wise also doing similar levels, so no indicator from that at this stage.
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So where is VSR sitting now? Its playing around early 2s, some weak days dipping below 2, some good days getting towards mid 2s. From a trading pattern perspective and price action, I feel its doing normal stuff. No clues from those as well at this stage.
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So there is one good thing and one not so. Good thing is that the level of 2 based on its market cap and cash in hand makes it possible to hold there. So downside I feel may not be very high unless some drastic thing happens. So risk/reward gets better from a 2 level. Not so good point - After a number of not so good results, last time it was on 4 was over 2 months, last time it was on 3 was over 3 weeks, so this level looks like home till an announcement comes, or someone gets excited. This side of hype play always happens to some Li stocks, unfortunately at this stage punters attention is around other plays like RDN, ERW, GRE etc. So may have to wait for its turn. It rotates, so will happen, old favourites who moved up in early May together gaining 200/300%, and fell 70/80% down together - VSR, ZEU, ODE etc to be back from where they all started - a full circle done. There is a clear pattern - same journey by all.
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Have not looked at announcement closely to see when next significant announcement is coming. But watching every day. Lets hope something good happens here. All the best.
For those interested how the 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.
https://hotcopper.com.au/threads/sya-weekly-report.6951924/page-2#post-70593575
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