Li sector in consolidation mode. And I feel also in an indecisive state.
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AZL has to hold current levels. Its playing around that 1.4 number for 3 weeks, needs to hold here. Last week had shown that when the bounce comes, reversal happens, it can be very swift. Large gains could be made in just few days. But whether we have reached that stage, I am not sure.
This is what I wrote in my Weekly Report for Li sector, anyone wanting to know more about how 90 Li stocks have tracked, general market behaviour, other sectors, please look at my other posts.
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- Lithium Sector overview - Last week Li sector had a good week, on the back of new around CATL. This week the euphoria seems to be dying away. All the gains have not yet been given away, still some big gains have been held, but now stocks easing. Some big stocks like LTR/PLS/MIN lost around 4% for the week. Which is still good compared to last week gains. The biggest worry is Ganfeng - I still believe, unless Ganfeng joins the party, there may not be a party, I could be wrong though. Last several weeks, its making new 52 week lows, nearly every week. It lost around 7.5% for the week. It is at 2% from its lows. But on positive side, there are some good signs though. Many ASX and US Li stocks are around 15% up from their lows, including ALB which I track as barometer. Also, it has shown, that one good news, a small change in sentiment to get stocks up, 30/40% within couple of days. So that is very positive for future. But the divergence with Ganfeng cannot stay. Either Ganfeng has to rise or other stocks to drop. Lets see what happens next week. General markets are good, so that is one positive to take.
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Li sector in consolidation mode. And I feel also in an...
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Last
1.4¢ |
Change
-0.001(6.67%) |
Mkt cap ! $62.63M |
Open | High | Low | Value | Volume |
1.4¢ | 1.5¢ | 1.4¢ | $21.81K | 1.520M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
16 | 5969751 | 1.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.5¢ | 2455971 | 11 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
15 | 5223889 | 0.014 |
22 | 8764237 | 0.013 |
16 | 5130217 | 0.012 |
9 | 5436000 | 0.011 |
15 | 5501000 | 0.010 |
Price($) | Vol. | No. |
---|---|---|
0.015 | 2455971 | 11 |
0.016 | 8359805 | 14 |
0.017 | 5366909 | 19 |
0.018 | 5760372 | 18 |
0.019 | 3907068 | 12 |
Last trade - 16.10pm 14/11/2024 (20 minute delay) ? |
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AZL (ASX) Chart |