Yeah GT1 showing weakness all last week, it could potentially go...

First 1372 Last

Share
Profile

Follow
Helvetet

1,862 Posts.

246

25/03/24

11:58

Post #: 73041753
Share

Originally posted by dc1234: ↑

So another weak play here?.
.
Yes after recent 21.5, a play back at 14 level. So playing with weakness. For the whole week, it played with weakness, but in a narrow trading range between 14 and 16.5, but mostly around 14.5/15. So not great at this stage.
.
From a weekly perspective, loss from 16 to 14.
.
Personally, I had bought some at 16.5, I let go this week at 16 at a slight loss, but was not a big play for me. I was hoping for a rebound, but when i didn't see that coming in Li macro, I let go a few Li stocks. I have always written that price action is most important for me, but earlier in the week, I didn't get a good feel around Li play, and I let go some including GT1. I am waiting now to see where I pick up. I know I will. I am reasonably confident that I may write I am holding next week, because I am looking for it, so watching carefully now. Overall though, not a great look, I wouldn't have been unhappy about 14, but to suddenly drop from 21.5, some may think it has gone ahead when it reached 11. So a tough play for holders coming up. I know people don't like when I sell. But I am very clear, when I don't like a price action, I exit. Fundamental is great, but not better than price action. Hope people understand why I got out rather than trash me for selling.

For those interested how stock is tracking against other Lithium stocks or who hold multiple Lithium stocks, I do a Weekly Report across 96 ASX Li stocks. It has got Weekly/Yearly data how stocks are tracking. I also have commentary across general markets and sector. Those just holding specific stocks, it may not be relevant, so please ignore.
Here is the report for this week.
.
.
https://hotcopper.com.au/threads/sya-weekly-report.6951924/page-3#post-73029125
.

Expand

Yeah GT1 showing weakness all last week, it could potentially go test the lows again considering how quiet things are..

LIT etf doesn’t look terrible, this week might change that.

GT1 Price at posting: 13.5¢ Sentiment: None Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

BIO

Biome unveils three year revenue target up to $85M – but are 3Y targets enough to excite?

PAM

PAM secures high-grade Chilean copper play in strong territory

BOE

$550 million Jabiluka uranium offer comes unstuck as Government rules lease won't be renewed

AZL

Brine and shine: Arizona Lithium wins early stage eco approval to commence wellpad #2 at Prairie

IVZ

Invictus banks US$5M from Zimbabwean investment fund in support of Cabora Bassa

There are more pages in this discussion • 75 more messages in this thread...

First 1372 Last

Add GT1 (ASX) to my watchlist

(20min delay)
Last 5.8¢		Change -0.003(4.92%)		Mkt cap ! $18.66M

Open	High	Low	Value	Volume
5.7¢	5.8¢	5.5¢	$28.32K	502.3K

Buyers (Bids)

No.	Vol.	Price($)
1	36363	5.5¢

Sellers (Offers)

Price($)	Vol.	No.
5.8¢	16680	1

View Market Depth

No.	Vol.	Price($)
1	36363	0.055
1	10000	0.054
1	5000	0.053
1	100000	0.052
3	90019	0.050

Price($)	Vol.	No.
0.058	16680	1
0.060	208411	1
0.067	1906	1
0.070	2222	1
0.073	41000	1

Last trade - 15.15pm 29/07/2024 (20 minute delay)

GT1 (ASX) Chart

Yeah GT1 showing weakness all last week, it could potentially go...

Biome unveils three year revenue target up to $85M – but are 3Y targets enough to excite?

PAM secures high-grade Chilean copper play in strong territory

$550 million Jabiluka uranium offer comes unstuck as Government rules lease won't be renewed

Brine and shine: Arizona Lithium wins early stage eco approval to commence wellpad #2 at Prairie

Invictus banks US$5M from Zimbabwean investment fund in support of Cabora Bassa

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Yeah GT1 showing weakness all last week, it could potentially go...

Top Stories

Biome unveils three year revenue target up to $85M – but are 3Y targets enough to excite?

PAM secures high-grade Chilean copper play in strong territory

$550 million Jabiluka uranium offer comes unstuck as Government rules lease won't be renewed

Brine and shine: Arizona Lithium wins early stage eco approval to commence wellpad #2 at Prairie

Invictus banks US$5M from Zimbabwean investment fund in support of Cabora Bassa

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News