“Fastmarkets’ weekly price assessment for lithium carbonate, 99.5% Li2CO3 min, battery grade, spot price range exw domestic China was 40,000-42,000 yuan per tonne ($6,088-6,392) on Thursday November 19, up from 40,000-41,000 yuan per tonne the previous week.
More offers from producers are higher at 44,000-45,000 yuan per tonne for battery-grade lithium carbonate but I haven’t purchased material at such prices....”
The next price jump to 44-45,000 would present a significant 5% jump......No reason why our share price would not follow this uptrend. Our NPV should logically increase alongside.
Definitely time to hold not trade the spikes imo. Technically we have broken out on the weekly chart on rising volume. Plenty of room in the stoch, RSI, and MACD for good pump back to LT trend above 8c.
Of course the stoch on daily chart shows overbought, im long so the weekly makes more sense for me. Stochs on daily charts can stay in OB territory and i find them not too reliable during a breakout. GXY has been in OB for more than a month now. Trade at your own peril.
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Last
3.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $55.32M |
Open | High | Low | Value | Volume |
3.9¢ | 4.0¢ | 3.8¢ | $131.9K | 3.384M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 872154 | 3.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.0¢ | 990329 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 872154 | 0.038 |
6 | 1030581 | 0.037 |
25 | 2570708 | 0.036 |
26 | 2613178 | 0.035 |
6 | 1226910 | 0.034 |
Price($) | Vol. | No. |
---|---|---|
0.040 | 990329 | 8 |
0.041 | 670500 | 6 |
0.042 | 998817 | 10 |
0.043 | 1577500 | 3 |
0.044 | 1316726 | 8 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
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AGY (ASX) Chart |