Market supported in todays VWAP 5.76¢ (white line), mid technical support zone... a welcome confirmation. A test of support came with the blip down to 5.6$ , no seller appeared and so up we went.
Good to see the volume drying up on the pip lower today.
At this stage we get a nice bounce off support ,,or consolidate for a few days in todays price range. (click on the chart for improved clarity)
[Some random thoughts ... as we all know, a substantial fiscal/monetary stimulus from China would put a rocket under Li sector.
If it doesn't, then the Canadian stocks should shine being the direct beneficiary of the supportive United States A$520B IRA bill & the Canadian innovative govt Flow Through financing scheme. Canada's state & federal Govt are focussed to build out a fully integrated Lithium industry to service the 'new economy' .... not sure the market fully appreciates all this yet... maybe it will take a Chinese crisis to see the benefits of holding Canadian Lithium stocks.]
Market supported in todays VWAP 5.76¢ (white line), mid...
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Last
1.0¢ |
Change
-0.003(22.5%) |
Mkt cap ! $5.939M | |||
| Open | High | Low | Value | Volume |
| 0.9¢ | 1.1¢ | 0.9¢ | $85.75K | 8.594M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 4694604 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 2233333 | 6 |
View Market Depth
| Last trade - 16.10pm 05/11/2024 (20 minute delay) ? |
| LU7 (ASX) Chart |