AGY

6.98%

4.0¢ argosy minerals limited

General Discussion AGY, page-23666

First 23666 Last

Share
Profile

Follow
asxDragonslayer

2,315 Posts.

993

29/09/24

12:08

Post #: 75890976
Share
Originally posted by dc1234: ↑

Li sector in slightly bullish mode. I feel next week will define what's going to happen in medium term (next 3 months). If Li sector can hold this levels, odds are not bad. If they build on this, odds will considerably increase..
.
AGY has to build now. This is the time. It was toying with early late 3s. early 4s for sometime, now its still stuck in late 3s. Lot of bad blood. But with sector improving, things could change. Sometimes its all about sentiment. Its a big factor. A rise of 50/100% on sentiment is not uncommon. Same when going down. I feel we need to get over 5 to feel comfortable. Li macro may also have a major role to play. Lets hope its positive. On up side, first number I am watching is 4.5, then 5.3. On lower side I don't have a number, but 3.3, the 52 week low may come into play. Hopefully it doesn't go there. I have a good feeling, but lets see, best to follow price action.
.
This is what I wrote in my Weekly Report for Li sector, anyone wanting to know more about how 90 Li stocks have tracked, general market behaviour, other sectors, please look at my other posts.
.
Lithium Sector overview - This week Li sector has given hopes that the sector may have bottomed and we could see a reversal. Many ASX and US Li stocks were over 20% from their lows last week. This week they gained further, and many are now over 30% rom their lows. The only issue was Ganfeng. It was doing new lows every week. And price was within 2% of its lows. I had written that we cannot have a party, unless Ganfeng joins the party. So the divergence has to go - either ASX/US Li stocks fall, or Ganfeng rise. And what happened? Ganfeng made a weekly gain of around 25% this week, it has removed the divergence, and its saying - lets have the party. It was lagging behind, so while many stocks gained 10/15%, Ganfeng went big for 25, to catch up. But its still early days. For over 2 years, we have seen some of these bursts happening. Unfortunately none of them materialised. And soon stocks gave up the gains, and then went lower. And lower. So that can still happen. We need confirmation, hopefully in the next few days and weeks, whether we really have a reversal. The first check will be for ALB to get over 106, Ganfeng to get over 35/36. If they get over that, and most importantly, stay there, odds of a reversal would considerably increase. Till then, its best to follow price. I have gone big in the sector last 2 days, hoping that we see a reversal. But if the signs are not good, then I may exit. Please dyor, check risk/reward, I have taken a punt.

Expand

Lets hope sentiment holds until Musks robotaxi day who knows what may happen.

So much for tides float all boats narrative.

Need to get the bilge pumps working.
AGY Price at posting: 3.8¢ Sentiment: Buy Disclosure: Held
7 Upvote

0 Great analysis

Reply

Top Stories

What each US election outcome would mean for Australian companies & investors

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

'We're looking': Nickel-rich Indonesia sounds graphite warning to Aus producers

Making money: How many microcaps should be in an investor's portfolio?

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

The Altcoin Landscape (Part 1): Key alternative cryptocurrencies to watch

MIN

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

Aussie inflation seemingly hit a 3 year low. So why's the ASX200 red?

There are more pages in this discussion • 176 more messages in this thread...

First 23666 Last

Add AGY (ASX) to my watchlist

(20min delay)
Last 4.0¢		Change -0.003(6.98%)		Mkt cap ! $58.23M

Open	High	Low	Value	Volume
4.2¢	4.2¢	3.9¢	$251.1K	6.274M

Buyers (Bids)

No.	Vol.	Price($)
1	200000	3.9¢

Sellers (Offers)

Price($)	Vol.	No.
4.0¢	666591	2

View Market Depth

No.	Vol.	Price($)
1	200000	0.039
15	1416849	0.038
9	1626108	0.037
26	1958160	0.036
14	1957879	0.035

Price($)	Vol.	No.
0.040	187348	1
0.041	142000	3
0.042	370000	3
0.043	283901	3
0.044	889891	10

Last trade - 16.10pm 01/11/2024 (20 minute delay)

AGY (ASX) Chart

General Discussion AGY, page-23666

What each US election outcome would mean for Australian companies & investors

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

'We're looking': Nickel-rich Indonesia sounds graphite warning to Aus producers

Making money: How many microcaps should be in an investor's portfolio?

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

The Altcoin Landscape (Part 1): Key alternative cryptocurrencies to watch

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

Aussie inflation seemingly hit a 3 year low. So why's the ASX200 red?

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

General Discussion AGY, page-23666

Top Stories

What each US election outcome would mean for Australian companies & investors

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

'We're looking': Nickel-rich Indonesia sounds graphite warning to Aus producers

Making money: How many microcaps should be in an investor's portfolio?

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

Week 44 Wrap: Relatively boring week ahead of US election; HotCopper's most watched; Oz inflation at 3.5%

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

The Altcoin Landscape (Part 1): Key alternative cryptocurrencies to watch

Movers and Shakers: Zip Co, MinRes, Kuniko, more – The week's top ASX gainers

Aussie inflation seemingly hit a 3 year low. So why's the ASX200 red?

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News