ENR (ASX) ENR Weekly Report

Originally posted by dc1234: ↑

Weekly Review REE Stocks - 13th Oct 2023

Here is the weekly review figures and charts that I do every week. It is useful only for those interested in trading or those who hold multiple shares and based on performance would like to keep re-balancing as we go. I do hold a number of REE stocks and like to trade. This is the reason I include a number of REE Stocks in my analysis.

Please note:
This is no reflection of all AU REE stocks as I have only included those that I am interested. In my list are shares that I hold, held before or planning to buy in near future.Since this is my list, I may have missed some good stocks.The averages are simple averages and not weighted averages. So the average don't reflect AU REE average. This is just for my tracking and analysis.
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Please note that all my analysis are from a trading perspective looking at short-term view.
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This list contains 26 REE related stocks and no new additions this week.
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How are we going in 2023 - General Markets
.SP 500 after making a few 52 week high on July 27 is in another down play after reversing from 4200 level
At this stage, most likely scenario, short-term downtrend, test some lower levels and possibly make a bottom in the next week or two - hopefully then rises for the rest of the year
Gained around 0.5% for the week, a gain after some time, from 4308 to 4327 - so last two weeks small gains though one would feel we have been dropping
Overall trend from October is still uptrend. There will be pullbacks. So at high level (those holding longs etc) the uptrend is still intact. Those looking for swing, short-term trades, some volatility may be in place

What will happen next week - General Markets:
US markets had another drop on Friday the 13th - U stocks marginally in green, Li stocks another red
Seasonally they say we bottom in October. If seasonality is to play, we may do a bottom soon, maybe end of this week or next
SP 500 now in choppy mode, needs to hold 4200. More likely could reverse from 4250/4280 - but some believe 4160/4200, where as some believe we are just going to crash 15 to 20%
Some signs in crack of economy - Banks, Housing in US, China, Inflation and now Wars suddenly gripped fears in minds of many
Next week Earning Reports may give direction, especially Tesla/Netflix. Also Monthly Options Expiry on Friday.
U stocks have been in consolidation mode, looking for next leg - this week may give direction if its ready. Li stocks on big downtrend for months are looking for a bottom - mixed signals till now, may be a bit more to go down with markets and then bottom
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Personally: My situation is different from last week. I was 90% U stocks as of last week. This week I am 20% U stocks, 20% Li stocks, 10% others - rest in cash. I am not sure what is going to happen in general markets. I am watching if U stocks want to come back and resume their journey. Also watching any bottoming of Li sector. Ideally would like to have 40% U, 40% Li, 10% others, 10% cash to play very short trades - but price action will decide what I may be doing
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Stock/Sector specific Info:
ENR gained this week, moving from 24 to 27 - so hopefully a bottom around 23 is made. Last time also in June when coming back from 35, the 23 was bottom. So this may form a strong support and point of reversal
General market and sector weakness not letting it to blossom
At this stage I have not yet bought back, watching to see if it holds here
The REE sectors stocks I track is down 11% across 26 stocks for the year,
This week across 26 stocks it was flat.
Overall REE sector is not doing well, only 6 of 26 stocks in green for the year. Even among these 5, LIN/ENR/VSR are slowly retreating over the weeks (their percentage gains were in 3 figures, now questions is - will they continue to be green). Those more advanced, facing the tough realities of moving from develop to production, not so good - and this an indicator sector is not doing well - Over 60% of the stocks have lost close to 40/50% just this year
Any announcement can have an effect of sp - both up and down

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Here is the Figures for the Week:
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Expand

Just referenced this post on another thread without asking. Mea Culpa...
Some dislike this dissemination of their work but get the feeling you do the work and put it out there for others to view or pass over as may be the case..
Maybe projecting my approach to FA on companies.

Hope your predicted support levels finally hold, stabilise and maybe reverse.

No.	Vol.	Price($)
1	20000	27.5¢

No.

Vol.

Price($)

20000

27.5¢

Price($)	Vol.	No.
28.0¢	5043	1

Price($)

Vol.

No.

28.0¢

5043

No.	Vol.	Price($)
1	20000	0.275
1	100000	0.270
1	99993	0.265
3	190000	0.260
1	60000	0.255

No.

Vol.

Price($)

20000

0.275

100000

0.270

99993

0.265

190000

0.260

60000

0.255

Price($)	Vol.	No.
0.280	5043	1
0.290	14346	1
0.295	33163	2
0.300	156076	4
0.310	25000	2

Price($)

Vol.

No.

0.280

5043

0.290

14346

0.295

33163

0.300

156076

0.310

25000

(20min delay)
Last 28.0¢		Change -0.010(3.45%)		Mkt cap ! $139.6M

Open	High	Low	Value	Volume
29.0¢	30.0¢	28.0¢	$260.3K	899.6K

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