AVZ 0.00% 78.0¢ avz minerals limited

Running discussion on SP, page-18014

  1. 2,979 Posts.
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    another interesting point around this rally is Global Lithium is oversold now and due for a bounce.

    https://hotcopper.com.au/data/attachments/1569/1569008-a832b811ff841a8e2580bce967e9d410.jpg

    Global LIT drop is mostly due to the TSLA share price getting smashed but nevertheless Lithium as a whole is bottom of the channel

    Why this is important is it reinforces the breakout play is what is driving AVZ and not the lithium fundamentals = Value is evident to even most bearish of investors.

    2 weeks in now, 50% gain far exceeds my expectations and admittedly it puts me in a situation where i feel more comfortable locking in gains than holding for the DFS. BUT given the multiple angles, ill be waiting for a leveling of buy-sell depth before i even consider taking money off the table.

    How high can it go?
 
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