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10:54
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Originally posted by jamesprivet:
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That's what happens when you apply chart analysis ("TA") but without any regard to Fundamental Analysis ("FA"). For example, anyone who looked at supply and demand for rare earths (e.g. IXR stock with large decline over the past year) and cared about fundamentals would have known Tesla (for example) is working to totally eliminate any rare earths from their permanent magnet motors, replacing them with cheap iron nitride (which has a much lower coercivity than rare earth magnets). Tesla are using complex computer multi-physics models to model how to place and utilise the cheap but larger iron-nitride magnets to ensure that their weaker coercivity does not lead to them becoming demagnitised by the opposing magnetism in the copper rotors. Some ground-breaking CAD work by Tesla engineers that could destroy future demand for a big chunk of planned use of rare earths. But solid FA is very hard work and very time-consuming. never when divorced from fundamental analysis. I read somewhere that something well over 50% of ASX retail investors are actually day-traders, so they think they have numbers on their side to get their theories becoming reality. Problem is good FA is very very hard work and requires expertise in the relevant area.simply not visible to these day-traders .always gets filled is a nonsense (i.e. an unsubstantiated and biased self-serving opinion contradicted by numerous historic counter examples) perpetuated by those who wish to re-buy the shares that they sold by buying them back lower down, by using these theories to explain why the share price *must* re-trace to the "close to open" candle gap.
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The brutal reality is noting is absolute. So indeed there is a possibility of 87 c. Especially as the sp is within 15 percent of the price and as has been mentioned if a cr takes place that gap will be filled. The key is the next resisitanxe of 1.06 and the positive is the previous 0.96 which was a resistance a few months ago during the graphite results is acting as some form of support with accumulation in between this range. Next step is cr. The question is will it be before, after ir at the time of future results. There will be a stampede of instos to get in further as lce is sugnificantly undervalued. I could not understand gallan low valuation but lel is just a market dumbness. However, in a blink of an eye, this can change.
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