AZL Daily Report, page-549

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JustinL582

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26/06/24

22:00

Post #: 74500458
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Originally posted by dc1234: ↑

Is the bottom in?
.
Yes, AZL lost another pip to finish on 1.8, on a decent volume of over 17m shares traded.
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So have we reached the bottom or more to go? Difficult to say. Li macro sentiment is at its lowest. This week is notorious for June tax transactions. So overall most Li stocks looking very weak. Many thought that we may have made yearly lows in early Feb this year. But it was not to be. More than half of Li stocks I track have breached the Feb lows. AZL made a low of 1.9 in Feb. Today touched 1.7. So we need something to change. But at this stage the sentiment is so poor that many don't know where it will come from. But its not unusual to see the bottom happening when the sentiment is weakest. So lets see if that logic applies now to the sector.
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Personally I had written I had let go a fair few of my shares in mid 2s as I was thinking of this weakness. Also because of June tax play. Nearly all my stocks I played like that. I had a number in mind where I may buy - on weakness. I was thinking 1.9 may get breached. So I was looking for a play between 1.6 to 1.8. I don't know where the bottom is, so have started buying. Picked up some at 1.8 today. Was in queue at 1.7 but it did not get hit. So lets see.
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So what may happen tomorrow? A very big surprise today from China. Most Li stocks rose 7 to 8% - one of the biggest jump of recent times. Why is that? Not sure at this stage. Whether sentiment is turning, or as they say - a dead cat bounce. Ganfeng rose 7.5% today. Seasonally, this is a time when stocks can bottom, based on earlier years. But the sell off in the sector has been relentless. To the point many are just getting out, now for several months. Even though Ganfeng rose 7.5% today, its still down 2.5% for last 5 days. So the sector has to do a lot of catch up before sentiment may return. But there is hope now. If US markets follow China, very good chance for ALB to get back into 3 figures, over 100. Hopeful ASX June tax sell transactions are done as well, I think or very close. So a very hopeful day coming up soon. We need a follow thru, at least 3 good days, or not falling, that will certainly bring in some into the sector. Lets hope it plays out that way. All the best.

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Joker. I was hoping no one follow ur bs from day one I noticed ur rubbish report. Up to now, sp still down here. I don't think anyone get the return which they hoped, maybe their bloody money has been wiped off. And you still doing that sht. Wake up bs followers. Imo dyor

AZL Price at posting: 1.8¢ Sentiment: Sell Disclosure: Not Held
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(20min delay)
Last 2.1¢		Change 0.000(0.00%)		Mkt cap ! $93.95M

Open	High	Low	Value	Volume
2.0¢	2.1¢	2.0¢	$12.54K	611.0K

Buyers (Bids)

No.	Vol.	Price($)
12	3036084	2.0¢

Sellers (Offers)

Price($)	Vol.	No.
2.1¢	2420602	13

View Market Depth

No.	Vol.	Price($)
12	3036084	0.020
5	344204	0.019
24	5467410	0.018
23	5335931	0.017
17	5556412	0.016

Price($)	Vol.	No.
0.021	2420602	13
0.022	3012079	12
0.023	2376972	9
0.024	4009610	13
0.025	3782447	12

Last trade - 12.38pm 12/07/2024 (20 minute delay)

AZL (ASX) Chart

AZL Daily Report, page-549

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AZL Daily Report, page-549

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