General Discussion Topics, page-76514

ITS BREAKOUT TIME!!!!

If its not this week, its getting close.......

In my opinion, there is zero chance we will break to the downside.
Trading in a tight 0.5-1c range....good day or bad.....WE ARE AT ROCK BOTTOM.
Even the ASX200 big boys agree, who day after day, when the ASX has slid massively, have supported us at 21-22.
Red day we go up, green day we go down......held in that range......because they have not viewd this as the time to launch yet....but its coming....getting closer and closer.....
The bears and shorters have busted their balls to bash it down....to no avail. I think their screwed now.
Looks like the total shorts will peak at 7.8-7.9% and start to track down.
They have realised It's not going any lower...they will have to exit now...they will try and manage their exit and try and cap it on the way out.
Think of this as our 11-13c level from last Jan-Feb.
Well done if you have been topping up...


US markets massive green again overnight.
The bears are losing control.
This is the 3rd BIG GREEN day this week.
Unthinkable 4 weeks ago....
VIX under 30....
Lithium sector up.



Still some volatility around, with some mixed earnings reports capping gains.
HOWEVER, the indicators are starting to catch up with the rate hikes.....and there are some very promising signs....


So macro improving, lithium sector up....and Albemarle taking the lead.

And even our own little SYAXF rallying, rather than following.
Setting an intraday high of US16c or AU25.2c at 11.55, to close the week at 15c


So, lots to like here.

The market HAS A HABIT OF CONTINUALLY MAKING ME LOOK LIKE A FOOL, so who the bloody hell really knows what
will happen next???? .....BUT....

It's The most positive it has looked in a while....

Australian futures currently UP 95 points......so a good lead from wall street for Monday

We are still not out of the woods yet, and the market is still very fragile, but as I said, the best its looked in a while.

A solid announcement could kick this thing off...

NAL monthly update is due......
-Firing up the concentrator, maybe a bit early....
-Something from the romantic dinner BL and KP had recently????
-Offtake ??? Who are our 'customers', receiving our SC6 at Trois-Rivières??
-Now that we have shown local support and created hundreds of local jobs, one of the mandates set by the monitor/IQ,
Some support from the --Canadian/Quebec government...long overdue......particular since the Yanks have started handing out cash....it may spur them on to do something.
-Further Moblan results......
-Another left field announcement, showing the market we are on track to production
-As the AGM is looming, maybe something from Brett to sooth the angry retailer holders....PLL offtake clarification????

So, Setting up to be an interesting week.

Still dependant on the big boys to release the handbrake, but I feel they may finally have their hand on the release button and be poised to let this thing rip....

After a couple of sunny warm days, Miserable weekend here in MEL, rain and floods again.
If you are affected by this extreme weather, here and up the east coast, please take care and stay safe....and as always...

GOOD LUCK EVERYONE....