The pullback is healthy, and on low volume.
Lets face it, there has been a hell of a surge on all things lithium in the last week.
Look at the volumes traded over the last few green days on AZL. This is where technical analysis is very helpful.
Heaps of people got in and will be keen to hold.
What we are seeing is price dropping on low volume, as some people get skittish and their personal circumstances may not allow them to risk losing 10%. Others are happy to put these in the bottom drawer, confident of the value of the lithium in the ground.
AZL General Discussion, page-700
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Last
2.0¢ |
Change
-0.002(9.09%) |
Mkt cap ! $89.47M | |||
| Open | High | Low | Value | Volume |
| 2.1¢ | 2.1¢ | 1.9¢ | $63.75K | 3.165M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 291133 | 2.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.1¢ | 2171592 | 7 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| AZL (ASX) Chart |