Market Opinion
Market condition is excellent for risk assets as the market has sorted liquidity issues and thinks the odd for soft landing is good (inflation heading to target range and gdp growth is intact).
Recent US core CPE, ISM, GDP, CPI numbers are supporting Fed members to say peak rate and pending more data to pivot to lowering rates. Market pricing this in US 10 year fell from 5% to 4.2%.
People with the bearish mind has been selling off and now on the wrong side so they will be slowly buying back to catch this wave. Christmas Rally - market will punish the shorters.
Lithium sector has been oversold, we should see some strength buying back in quality producers and explorers.
WR1 sold off was partially due to fear from no official news for MRE and market conditions.
Best scenario is let WR1 ride this week organically from the market condition and anticipation of MRE in DEC 23 to around $1.5 - 1.6 and then release the MRE to break $2 and follow by another news supportive of upgrade in a week to break ATH.
Dow, S&P are doing very well. In addition DAX and FTSE considering their economic conditions.
Market Opinion Market condition is excellent for risk assets as...
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Last
48.5¢ |
Change
-0.010(2.02%) |
Mkt cap ! $104.9M | |||
| Open | High | Low | Value | Volume |
| 49.5¢ | 49.5¢ | 47.5¢ | $67.27K | 139.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 56477 | 48.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 49.5¢ | 18236 | 1 |
View Market Depth
| Last trade - 16.10pm 05/09/2024 (20 minute delay) ? |
| WR1 (ASX) Chart |