Bad news fo down rampers, and for all others, use your f ...... Brainnnnnnnn,
1. Market is oversold
2. AZL is way oversold.
3. We are currently around 36% of RSI, haven't seen that much low in recent times....wanna sell at that level? Really? Would be laughing on that.
4. GS is known for manipulating market, rejected by many pundits, meanwhile, they are filling their bags with Li shares at the moment.
5. Market gonna stablise soon after 7th of June IMO, both after RBI and Feds meeting. Punting is on aggressive rate hikes by fed, after getting recent job data. This wont happen IMO due to fears of getting into recession if they will tame inflation aggressively.
6. Resultantly, market gonna stablise from now onwards.
7. Chinese lock down is about to get finished, its over two months now. Use your common sense. Decline below 18Cs was due to Chinese lock down restrictions.
8. China getting lithium from Africa lolzz, its not an overnight thing, it will be costly plus if it will ever happen, it will require another 6-10 years. China was also acquiring iron ore from africa dumping Australia in 2020-2021 lolzz,,, only to realise that the nearest port ( didn't remember the name of the project) was 900kms away lolzz,,,,, plus the political situation, plus the lack of basic infrastructure...and so on....more of a bookish thing rather than reality.
9. $32.5M placement by AZL on 31st March recently, involves internal and ((((foreign)))) soph investors, do you think they are stupid putting money on a project whos approval is not imminent? This all had happened recently too.
10. AZL has brought in , cheif technical officer,CTO, Mr. Brett Rabe, VP of engineering at Lithium America LAC, thacker pass project, do you think Brett Rabe is a kid and AZL is certified stupid?, if ever approval was not imminent?
11. As per the chart, another run is due anytime from now onwards, plus we have news flow expected anytime now.
All IMO but those don't play in the hands of these low life DRs wishing to get your shares cheap.
(20min delay)