AZL General Discussion, page-7765

And the consolidation continues

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Yes we still traded in the zone and finished flat at 17.5c. Our volume was a bit lower, around 22m shares traded.

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ASX Li stocks stopped their decline of 7 days. Of the 31 stocks that I track, average gain was around 1%.

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The trading reminds me of last month when we were playing around 14c. The trading pattern is exactly similar, except that 14c is now 18c. I will take that any day. Consolidate for a period, then jump 30%, and consolidate again. That is what we have seen, 28 is the new 14. Next stage will come soon, very few sellers want to sell below this.

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What next - Happy to see the end of April, a bad month like February for Li sector. Its good we made gains and going strongly into May. Although they say, sell in May and go away, but Li punters will be glued to their screens, I feel we are in for a bounce. Let's hope so. All the best.