Is something brewing?
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Yes guys I am back after nearly 6 months. I had a good play last time so am hoping to see it play out again. My last post was in December, where I was posting the weekly report. Last buy a small play in Nov. But a much bigger play when we ran up to 8. At that time I had written I sold out around 7. I got a lot of flak and name calling because I had sold. Something similar to on Friday when I sold one stock. But I have always said, I follow price action more than anything. So, at least after what has happened in last 6 months, I feel at least people may understand why I had sold at around 7. But I know a few will not, but that's fine.
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So why did I buy this week? Price action. There were 2 numbers that were key for me - 2.8, but more importantly 3. So I waiting. Yes, some would say very patiently for months. So when I saw first break over 3 this week, and then seeing that it looks like holding, I bought at average 3.1. I will continue to hold till I don't see a very bad price action - key for me if there is weakness, is that it holds 2.8. Otherwise I will have a think. Don't bash me if I have to sell.
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So what are the key numbers? Downside 2.8 to hold. Upside, first key number for me is 4.1, then 4.5 and after that open sky.
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For those interested how stock is tracking against other Lithium stocks or who hold multiple Lithium stocks, I do a Weekly Report across 96 ASX Li stocks. It has got Weekly/Yearly data how stocks are tracking. I also have commentary across general markets and sector. Those just holding specific stocks, it may not be relevant, so please ignore.
Here is the report for this week.
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https://hotcopper.com.au/threads/sya-weekly-report.6951924/page-3#post-73331635
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Last
3.5¢ |
Change
0.001(2.94%) |
Mkt cap ! $92.98M |
Open | High | Low | Value | Volume |
3.4¢ | 3.6¢ | 3.4¢ | $367.7K | 10.52M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 523948 | 3.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.6¢ | 1722947 | 11 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 523948 | 0.035 |
7 | 1456243 | 0.034 |
11 | 763015 | 0.033 |
11 | 2803000 | 0.032 |
8 | 2293290 | 0.031 |
Price($) | Vol. | No. |
---|---|---|
0.036 | 1722947 | 11 |
0.037 | 3673804 | 11 |
0.038 | 3424681 | 14 |
0.039 | 1881578 | 7 |
0.040 | 2583376 | 15 |
Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
3.6¢ |
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Change
0.001 ( 6.51 %) |
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Open | High | Low | Volume | ||
3.4¢ | 3.6¢ | 3.4¢ | 8815217 | ||
Last updated 15.58pm 03/05/2024 ? |
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