Is something brewing?.Yes, a strong play today, AZL moved from 1.8 to 2. Couple of big hits to take care of lingering play at 1.8 level. Also a good bite at 2.1. Volume too was decent, just over 12m shares traded..So why did we rise today? Not sure. Some see value here and are ready to step up. Maybe some news is in the offing. Maybe those that were selling out in last several weeks for tax reasons, want themselves in. Although surprising, but not unusual. From a numbers perspective, first number to get to is 2.1, and stay above, and then 2.5. The buying today shows that slight change in sentiment or some big players wanting in, suddenly SP can have a very rapid rise. But at this stage its still towards the lower side so please check your risk/reward...So what may happen tomorrow? We need a follow thru to confirm out of the bottom. Last week or so I have been writing how I felt that level of 1.7 (+/-) may be our bottom. Although we still need confirmation, odds of that happening has increased after today's play. China Li rose today, Ganfeng gaining over 3%. There is a good chance US Li may rise tonight. There is a good chance ASX Li may be in green tomorrow. I picked up few Li stocks today for a short bounce play. It gives us an opportunity to get decisively over 2.1 tomorrow. Will that happen? Lets hope so. All the best.
- Forums
- ASX - By Stock
- AZL Daily Report
Is something brewing?.Yes, a strong play today, AZL moved from...
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
TG1
TechGen Metals kicks off airborne geophys survey at Sally Downs copper play – a first for the permit
AVH
Avita boosts skin restoration product portfolio with 'dermal matrix' – a kind of next-level gauze made of fake skin
MTL
Mantle Minerals' Nick Poll talks to HotCopper on finding gold grades up to 3.57g/t at Mt Berghaus
Add AZL (ASX) to my watchlist
|
|||||
Last
1.7¢ |
Change
0.001(3.13%) |
Mkt cap ! $73.81M |
Open | High | Low | Value | Volume |
1.6¢ | 1.7¢ | 1.6¢ | $11.45K | 711.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
19 | 3123828 | 1.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.7¢ | 1060478 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
19 | 3123828 | 0.016 |
36 | 7521188 | 0.015 |
24 | 8150704 | 0.014 |
9 | 14658333 | 0.013 |
7 | 2783416 | 0.012 |
Price($) | Vol. | No. |
---|---|---|
0.017 | 1060478 | 6 |
0.018 | 1403164 | 8 |
0.019 | 1421796 | 11 |
0.020 | 2857500 | 14 |
0.021 | 3138874 | 10 |
Last trade - 12.00pm 02/08/2024 (20 minute delay) ? |
Featured News
STX
Strike hands $48.5M contract to Clarke Energy to produce 20x 4.5MW gas engines for Sth Erregulla
MND
Albemarle lithium downsize burns $200M hole in Monadelphous's pocket as latter's contracts terminated
AZL (ASX) Chart |