AVZ (ASX) Running discussion on SP

Originally posted by race ↑

No need for a long term view to make gains on AVZ, technicals alone suggest imminent reversal. As @h00ts said earlier, this is now the fourth time we've bounced off $0.21 this month. Bears are exhausted and bulls about to charge again soon.

Just remember, if Morgan Stanley can put out a report about 'oversupply', which has the effect of scaring investors into selling, then it (or one of the others) can just as easily put out a report about the supply pinch that is definitely coming.

Some reading:

https://seekingalpha.com/article/4165613-lithium-prices-remain-strong-q1-2018

and

http://resourceclips.com/2018/04/25/lithium-in-abundance-but…/

The Lithium Sector Surge Is Poised to Ignite a Deals Bonanza

"“You’ll see elevated activity this year driven mainly by the Chinese,” Chris Berry, a New York-based analyst on energy metals, and founder of House Mountain Partners LLC, said in an email. “The consolidation necessary in the space will start to happen now.”"

https://www.bloomberg.com/news/arti...surge-is-poised-to-ignite-a-bonanza-for-deals

Did everyone here forget that CATL is raising $2B in an IPO ?

https://www.reuters.com/article/us-...2-billion-ipo-to-fund-expansion-idUSKBN1DE0I4

Does everyone here think HuaYou are going to let another mob move in on Manono without bidding war?

It's easy to get sidetracked when we've had weeks of following the LIT ETF on a downwards trajectory, but just remember, that trajectory is undergoing reversal as we speak !

https://hotcopper.com.au/threads/avz-chart.3105143/page-3131?post_id=32514907#.WuGHIS5uaUk

https://hotcopper.com.au/threads/avz-chart.3105143/page-3136?get_post=true#.WuGHPS5uaUk

Big week ahead

Opinion only, pure speculation, not advice, dyor etc

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@race Obviously you are more of a short term trader than a long term investor.
I prefer to trade forex/commodities more than stocks. (more volatile = more fluctuations = more profits)

I buy stocks with a short/mid/long term view.
AVZ probably falls into the longer term view stocks.
I still trade AVZs fluctuations (occasionally) but I am holding my long term parcel with a much longer term view in mind.

People that make the most money in the stock market are not day traders. It's actually long term investors.