ASN CHART THREAD
- Thread starter BEISHA
- Start date
Strong today, the whole lithium space a buzz. It has been a enormous bounce.
Thankyou Pumkins.
Strong today, the whole lithium space a buzz. It has been a enormous bounce.
Thankyou Pumkins.
Yeah, been a cracking week for sure, i took 50% off the table on thursday, so where to from here ?
Clear triple top, with all three touches coming from wicks, which is suggesting Mr market is rejecting any further advances and potentially a decent correction on our hands, but need confirmation, see what happens Monday.
Sorry for incomplete answer, in Jakarta waiting for flight to Manchester and only have my phone.
Divergences seem to have played out.
Once MACD passes below zero , expect a fall.
But this has occurred and price and indicators are rising though still red.
What I don't like is the gap and red candle.
Gap is less important, but would want green CS.
Personally, I wouldn't touch it yet.
Sorry to be so vague.
Will DM you suggesting you tag someone on the crapper, but don't want to do it publicly.
Divergences seem to have played out.
Once MACD passes below zero , expect a fall.
But this has occurred and price and indicators are rising though still red.
What I don't like is the gap and red candle.
Gap is less important, but would want green CS.
Personally, I wouldn't touch it yet.
Sorry to be so vague.
Will DM you suggesting you tag someone on the crapper, but don't want to do it publicly.
the technician
Member
Volume seems to be dropping off now back to normal levels . Will be interesting to see what happens here now the Rock stock interview helped to sustain further buying but I feel with the reducing volume and RSI now in retreat that at best sideways action is to be expected .
Still plenty of news to come so this is far from over and it certainly will be an interesting finish to the year. .
Cheers TT
Still plenty of news to come so this is far from over and it certainly will be an interesting finish to the year. .
Cheers TT
but I feel with the reducing volume and RSI now in retreat that at best sideways action is to be expected .
Turn it up TT, i am all for positive vibes when it comes to ASN, but lets dont turn this thread into a RAMP squad like the other forum you are in.........DAILY RSI 14 is maxed out and currently we are seeing a weak doji candle, spot price is taking a tumble....
All the big boys LTR / PLS/ MIN are correcting, so you are dreaming and misleading when you say ASN will only see side ways action, what goes up vertically comes down vertically.......seen it all the time.
Unless some other bit of FA news drops that hits a home run, then that will be the reality soon enuff, once traders see very little upside, they will collect their marbles and go to the next pump elsewhere and then we all know what happens next....
What i will agree with you is the back half of this year will be exciting if POSCO mou converts to binding.
imo
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the technician
Member
You didn’t read my post properly “AGAIN” I said “at best it may see sideways action”
I’ll repeat “at best” ………
I’m agreeing with you the difference is I haven’t cracked a phat over it like you have
You need breath a bit more @BEISHA before you go in fangs and all
Cheers TT
Not cracking a phat TT, just providing my honest opinion, no offence intended.You didn’t read my post properly “AGAIN” I said “at best it may see sideways action”
I’ll repeat “at best” ………
I’m agreeing with you the difference is I haven’t cracked a phat over it like you have
You need breath a bit more @BEISHA before you go in fangs and all
Cheers TT
the technician
Member
Seems the sideways action I called 2 weeks ago is exactly what eventuated , momentum slowed substantially today also only 1million shares in volume seems “the run” may have finally petered out , news needed now again I feel as impatient hands refuse to HODL
Seems the sideways action I called 2 weeks ago is exactly what eventuated , momentum slowed substantially today also only 1million shares in volume seems “the run” may have finally petered out , news needed now again I feel as impatient hands refuse to HODL
With all due respect TT, i dont see HODL, diamond hands initially for sure, but now falling in line with my expectations as per usual, its had a cracking run, but if you want to see ASN get into the 20 - 30, then sub wave 2 down must occur and thats exactly whats playing out right now, 65ema should act as support which is in between the 50 - 61 fib ratio, a magnet for sub wave 2 down on the probability scale...imo
cosors
👀
Top news at Yahoo
"...
POSCO Holdings Inc. (NYSEKX) is one of the best hot stocks to buy according to Wall Street analysts. On July 1, POSCO Holdings announced its agreement to construct a pilot lithium processing plant in the US. This is a collaboration with Australia’s Anson Resources and aims to support POSCO’s EV battery raw materials supply chain while reducing its reliance on Chinese suppliers.
This is in response to new import restrictions imposed by the Trump administration in the US. The two companies have formalized their partnership through an MoU. The new pilot plant is slated for construction next year in Green River City, Utah. Its primary purpose will be to evaluate the commercial viability of POSCO’s proprietary Direct Lithium Extraction/DLE technology for large-scale production.
..."
"...
POSCO Holdings Inc. (NYSEKX) is one of the best hot stocks to buy according to Wall Street analysts. On July 1, POSCO Holdings announced its agreement to construct a pilot lithium processing plant in the US. This is a collaboration with Australia’s Anson Resources and aims to support POSCO’s EV battery raw materials supply chain while reducing its reliance on Chinese suppliers.
This is in response to new import restrictions imposed by the Trump administration in the US. The two companies have formalized their partnership through an MoU. The new pilot plant is slated for construction next year in Green River City, Utah. Its primary purpose will be to evaluate the commercial viability of POSCO’s proprietary Direct Lithium Extraction/DLE technology for large-scale production.
..."
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Yes , very exciting development, EOY early next, we should find out if Posco interest in ASN goes binding....
Meanwhile..
This would explain while ASN SP hasnt followed the rest of the sector.....
hopefully the funds are used to increase JORC at GR via Mt Fuel.
imo
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