AVZ 0.00% 78.0¢ avz minerals limited

Around March 15, AVZ and several stocks in the sector seemed to...

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    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)

    REMX etf – 97.7 – 95.22

    LIT etf – 66.06 – 64.86

    Gangfeng – 125.5 – 92.24

    Albemarle – 176.29 – 198.46 (decent rise)

    Tianqi lithium – 83.49 – 59.41

    SQM – 70.36 – 74.54

    2/ 6 month movement

    https://hotcopper.com.au/threads/avz-chart.3105143/page-13263?post_id=60966585

    Check good post by @Super yacht above

    AVZ clearly better than many lithium stocks over 6 months

    3/ 1 day fall

    AVZ (2.75%),

    MIN(9.93%), PLS ( 3.97 %), AKE ( 7.21 ), LTR ( 7.96 ), TSLA ( 0.7 ), REMX ( 3.12 ), LIT (3.57 ), Ganfeng ( around 9% ), Albemarle (1.09% ), Tianqi ( around 9% ), SQM (4.08%)

    New day trading started for Ganfeng and Tianqi. So I don’t remember exact fall but I think it was around 9%

    AVZ fall of 2.75% peanuts compared to sector. Very strong performance for the day in broader context.

    4/ 1 year movement

    https://www.marketindex.com.au/commodities/lithium

    AVZ +473%

    MIN(+20%), PLS ( +132%), AKE ( +78%), LTR ( +302%), LKE (+541%), SYA (+834%) CXO (+427%)

    AVZ doing very well even compared to stocks with lower market capitalizations over a year

    5/ Other points

    Several resource sector ETFs and some stocks (LIT ETF, Albemarle, REMX, etc) recovered a fair bit of fall last night. Possible bottoming..?

    REMX has gone slightly below support. Let us see if it recovers
    https://finviz.com/quote.ashx?t=REMX&ty=c&ta=1&p=d

    TSLA still hovering around $1000 key level since long
    https://finviz.com/quote.ashx?t=TSLA

    LIT touched lower trendline support
    https://finviz.com/quote.ashx?t=LIT&ty=c&ta=1&p=d

    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
 
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