yeah if lithium price holds up then PLS is a good place to be.
Need a big drop then i'll buy some more
TRADING OPPORTUNITIES
- Thread starter BEISHA
- Start date
Need a big drop then i'll buy some more
you're tempting me
I sold a bundle on the big market drops about 2-3 weeks ago fearing the worst for the market but it's recovered so well.
Hahahaha well done mateBig drop coming …..
DiscoDanNZ
Regular
Here's a trading opportunity for you
After months of convincing myself not to Sell Vault that I've held for years I sold 3/4s of my holding last week. This week they announced a maiden dividend, all be it small but still. I've held for years and sold the week before they announced that... So I guess jump on it guys, it's going to the moon
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Also @BEISHA welcome to EVR from a long time holder that averaged down from 4.4c to 1.8 this week.
After months of convincing myself not to Sell Vault that I've held for years I sold 3/4s of my holding last week. This week they announced a maiden dividend, all be it small but still. I've held for years and sold the week before they announced that... So I guess jump on it guys, it's going to the moon
.Also @BEISHA welcome to EVR from a long time holder that averaged down from 4.4c to 1.8 this week.
Well it really depends on what the spot price is going to do next, imo corrections are not linear, they invariably go the way of a ABC, or sometimes ABCDE, ( down , up, down ), ( down, up, down, up, down ) etc
So with the spot price, you can see in red candles the A component ( down ), in blue candles B component ( up ), so the question now is, will there be a C component ( down ) ? Usually the C component drops lower than the bottom red horizontal line or could do a double bottom at the very least, but this may not be the case due to a macro factor which i read that Zimbabwe is halting lithium exports, therefore supply v demand equation maybe skewed and forces lithium spot to break the recent ATH, if that occurs then yes, my call of 50/61 fib retracements for LTR. PLS, MIn and others could be invalidated.
On the other side of the MACRO equation, we have the village idiot invading IRAN and the DOW weekly chart is looking rather perilous...
LTR
So in the case of LTR, my call of 50 / 61 fib retrace is certainly validated to come to fruition at this point, upper red circle highlightes a rejection candle, which could signify the B component of a ABC correction, MACD is negative, Parabolic Sar is negative, if the 38 fib support breaks down the 50 / 61 fib correction comes to play for sure.
MIN
In the case of MIN, b wave has a strong candle formation, but yet, the corresponding volume doesnt look strong, ultimately my 50/61 fib correction will be invalidated if we dont see a C wave down and B powers thru the upper resistance line ( green arrow ) and creates a new short term high. Currently MACD remains negative and Parabolic Sar.
PLS
The scenario for PLS is pretty much the same as MIN.
For my call to be invalidated, we need to see the B wave power thru ATH ( green arrow )
In any case, as a trader, i see better opportunities elsewhere and i caution anyone who is considering a intial entry or top up to have tight stop losses .
imo, not financial advice .
But EVR is 1c.......up from a low of 0.07cHere's a trading opportunity for you
After months of convincing myself not to Sell Vault that I've held for years I sold 3/4s of my holding last week. This week they announced a maiden dividend, all be it small but still. I've held for years and sold the week before they announced that... So I guess jump on it guys, it's going to the moon
Also @BEISHA welcome to EVR from a long time holder that averaged down from 4.4c to 1.8 this week.
For the record, good things coming i reckon, best value antimony play going around by far !
Good luck to us both .
DiscoDanNZ
Regular
But EVR is 1c.......up from a low of 0.07c
For the record, good things coming i reckon, best value antimony play going around by far !
Good luck to us both .
I guess some of us just believed in the company years back in the 4-5c range...
