Australia's largest stock trading and investment forum Australia's #1 stock forum

AVZ

Click for more information

0.00%

78.0¢ avz minerals limited

AVZ chart, page-11793

First 11793 Last

Share
Profile

Follow
Freehold

24,192 Posts.

5566

23/11/21

05:12

Post #: 57768819
Share

Originally posted by Freehold: ↑

Well no surprises that the projected Asc target of 70c was touched up early today... on strong volume ...surprising many trying to ST trade AVZ no doubt.

Sector wise it seems the lithium seems to be entering a new bullish phase after some months consolidation. AVZ has not been following the general sector movement playbook over the last several weeks but is re-rating faster than its peers and fair enough with prob 20% of worlds hard rock lithium, which is higher grade than all but 1 of peer, bigger than all others, and at surface ...these facts are still no where near reflected in the price.

AVZ will, with time, eventually lead the Hard rock Sector value wise. I have no doubt whatsoever.

So AVZ has done some heavy lifting today and logic dictates that the bulls have a rest until they can recalibrate to the fact that to get a position they will need to step up to the higher range now. This may take a few days.

PS: A caveat to this will be another stella move sector wide which will force bulls out of rest mode early.

Expand

Caveat triggered? ... LIT (Lithium ETF) up +3% ATW ... Will this hold till ASX open. If so could be game on again for AVZ. Sector lighting up for a new run? We will see.

AVZ Price at posting: 66.5¢ Sentiment: Buy Disclosure: Held
41 Upvote

1 Great analysis

Reply

Top Stories

LPD

UK govt endorsement of Cornish lithium project acknowledges Lepidico's processing technology

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

RDN

HotCopper users bullish on Raiden's news it won Andover South approval as expected

WGX

Westgold sets target of 1.6-2.1 Moz of gold at WA's Fletcher Zone

ENR

Move over antimony: Encounter Resources unveils fresh raft of high-grade niobium hits

There are more pages in this discussion • 1,553 more messages in this thread...

First 11793 Last

Add AVZ (ASX) to my watchlist

SPONSORED BY