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19/01/18
08:29
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Originally posted by lifeguard22
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Hmm. LIT ETF pre-open was around the $40 mark. On open, it suffers a sharp 4% drop which is followed by a massive volume spike - 351,000 shares trade hands - and then bumbles along slightly above the days low and will probably finish down a couple of percent. 1.9M volume for the day, which is three times the average of around 668,000.
Perspective: We’re at the same point on the chart as we were in early December and the ASX Li stocks have had a stellar run since then, so...
I don’t know what this means. I’m not a TA guy, so perhaps others can see something that I can’t (please comment!).
Today: The Li sector could follow the previous (December) trend - lead by strong positive sentiment about the ORE deal - and recover some of the weeks earlier losses. Or, there could be a muted response and we end up flat or slightly red again.
Orrrrrr we could see a widespread collapse of the worlds financial systems as all the punters jump aboard HMAS Crypto for its final voyage across the IC(O) seas. I don’t want to ruin the ending, but it does sink...after running into a regulatory iceberg. There are no survivors.
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when you see a majority red sector + your etf and US majors it's got to say something.
I had a quick squiz at some threads and it's some concern that punters aren't able to see past "shorters making their shares go down" and that next big ann that's just around the corner. some more fear and panic selling to come
I see falling knives in aussie lithium hard rock, briners I'm not sure
maybe it's just a dip