So Friday being the 1st March this coming week, we get notification of the quarterly rebalance, which will occur on the Friday 15th March.
Are we staying in? The volumes traded over the last two weeks were huge.
Is that enough to keep us in?
Only 5,000,000 shorts taken out Thursday and if you look at the 1,000,000 and 2,000,000 lines that were dumped it seems that there was someone with quite a large holding confidently offloading. Very confident of a lower buy in.
There is still lots of buys from 3.8.
Carbonate prices were up on Friday... Spod was flat, Hydroxide marginally lower and although we dont have much value on board for Moblan, that asset still may raise the bottom line a little.
Now im not much of a trader, I'm just a cat but i believe we will be looking at the 5-6c range again shortly. IMO.
But if i may suggest, dont try and pick that bottom... pay a 0.1c-0.2c premium on the rise. If you are buying SYA in the 4's i think you are well positioned to absorb a little bit of pain in the 3's but return to profit shortly after.
I just dont see low 3's at the moment. But also, I dont see much more than 6c at the moment. Lithium prices and funding would change that dramatically.
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Last
2.3¢ |
Change
-0.001(4.17%) |
Mkt cap ! $236.7M |
Open | High | Low | Value | Volume |
2.4¢ | 2.5¢ | 2.3¢ | $337.1K | 14.25M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
64 | 14483458 | 2.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.4¢ | 5943785 | 11 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
56 | 12541200 | 0.023 |
31 | 5326227 | 0.022 |
21 | 3346340 | 0.021 |
44 | 8668149 | 0.020 |
6 | 6001643 | 0.019 |
Price($) | Vol. | No. |
---|---|---|
0.024 | 3918148 | 9 |
0.025 | 5658675 | 33 |
0.026 | 7270766 | 15 |
0.027 | 7467011 | 26 |
0.028 | 4886055 | 18 |
Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
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