AZL General Discussion, page-9182

Today I have checked all the major lithium, Iron Ore and financial institutions in March 2020....the exact days of crash, imagine in few days contrary to weeks of down turn in recent weeks, the market had lost ASX 7000 points to around 4800 points, yes 1200 points decreased in few days.....I have also checked the bottom momentum via RSI, that was in the range of 30-40 RSI bottom post crash 2020.

Wondering what they gonna dig out of Li sector and AZL? We are already at RSI 27, the lowest possible IMO, what will happen next? Well I think we wont go down further...... simply we dont have a momentum left in the sector, if we will ever go down below 10Cs, it will be quick to get back into 10s again, reason is that this is the best time for the smart instos to jump back in at the lowest possible level, for getting profits in next few weeks..... We are at the bottom IMO, the worse would be that we gonna stay at these levels, if the sentiment persist due to fear of recession, just my opinion.