AZS azure minerals limited

Welcome to lithium's newest bear market stock! Now down well...

  1. 1,435 Posts.
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    Welcome to lithium's newest bear market stock! Now down well over 20% since hitting $2.95 this week.

    The enormity of the drop means we cannot classify this as a simple correction.

    For those who don't know what a bear market is, here's a definition:

    "A bear market is when a market experiences prolonged price declines. It typically describes a condition in which securities prices fall 20% or more from recent highs..." (Source: Invesotopedia)

    And further:

    "Bear markets can be cyclical or longer-term. The former lasts for several weeks or a couple of months and the latter can last for several years or even decades." (Source: Invesotopedia)

    Where to from here? More falls of course, until IMHO the overbought extreme RSI levels normalise: $1.80 should do the trick.

    GLTAH.
    Last edited by MrLong2019: 12/08/23
 
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