Today I bought fair few GL1 at average 72c..For thothose interested, I do a Weekly Report across 96 ASX Lithium stocks, currently under SYA thread. I have been doing it for 2 years and it also has last 2 years data there..My first post in a long time. Last time I held GL1, it was in 200s. So we have come a long way. So why did I buy today, especially when Li sector sentiment is atrocious. Firstly, I feel risk reward may be good from here. Secondly, just on gut feeling, Li sector may be within 10% of bottoming, can't pick bottom, so started buying. And lastly, I was holding around 60% of my portfolio in Uranium stocks. I always write my personal situation on all stocks that I write. Uranium stocks made big gains last few days. I exited around 80% of that today, so had some coins which made it convenient to buy..
I am always a follower of price action. I write that every time. Most times I am not able to justify market caps based on fundamentals. I do follow fundamentals, but for me key is price action. So if that is not good, I exit, without emotion. So here, if 70 does not look like holding, I will exit and then try another entry. Trend is important rather than price..So what can we expect next week? Firstly, Li sector sentiment to be at least neutral. Then hope shorters, if any slowly exit. Key numbers, 70 down, 90 up. I am hoping we see some upside. Will that happen? Let's hope so. Enjoy your weekend and all the best.
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Last
25.5¢ |
Change
-0.005(1.92%) |
Mkt cap ! $66.44M |
Open | High | Low | Value | Volume |
26.0¢ | 26.3¢ | 25.5¢ | $30.72K | 118.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 78786 | 25.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
26.5¢ | 15543 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 78786 | 0.255 |
7 | 65730 | 0.250 |
2 | 90000 | 0.245 |
2 | 104000 | 0.240 |
7 | 71387 | 0.230 |
Price($) | Vol. | No. |
---|---|---|
0.265 | 15543 | 3 |
0.270 | 390000 | 2 |
0.275 | 52000 | 2 |
0.280 | 81441 | 6 |
0.290 | 1000 | 1 |
Last trade - 16.10pm 27/08/2024 (20 minute delay) ? |
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