Around March 15, AVZ and several stocks in the sector seemed to bottom before a big subsequent rally (Which has since faded).
Today some of those stocks retraced that rally completely. AVZ still tracking the sector but doing better than many stocks
1/ Movement since Mid March
Stock –> Price as of March 14/15 –>Price today
AVZ – 82.5 – 1.06 (good rise – found support at round figure $1 and past key level)
PLS – 2.57 – 2.66 (today’s low of 2.56 - found support at mid March level; rally retraced)
AKE – 9.5 - 11.84 (good rise)
LTR – 1.48 – 1.44 (fall and found support at approx same level of mid March; rally retraced)
TESLA – 766.37 – 998.02 (good rise – main leader of sector IMO)
Falls of Ganfeng and Tianqi over last year are much more than others and possibly dragging sector sentiment a bit.
6/ Conclusion
Just a note that while I’m comparing stocks, nothing is meant to put down other stocks but just want to check strength of AVZ. IMO, all of us lithium investors should hope that other stocks too do well so that sector picks up and overall sentiment improves.
Sector slumped overall recently.
AVZ still one of the standouts as can be seen above. AVZ continues to track the sector but generally outperforms many stocks over multiple timeframes.
Several stocks in sector are somewhat at semi-support levels. Hopefully, they will hold
Please DYOR
AVZ Price at posting:
$1.06 Sentiment: None Disclosure: Held