AVZ Charts

[Freehold]

Interesting the "Peak" of the short positions held on AVZ was on the 10 Dec 2021 with 1.31% .

Between the 5 Nov and the 10 Dec 2021 there was a very quick buildup of shorts from a low on the 5 Nov of zero shorts to 1.31% on the 10th. If you look a the AVZ stock chart over this same time frame you will see that the shorters were most likely big losers as the share price rose from 48c to approx 73c ( peak 23rd Nov) then back to mid 50's.

So If you think those going short are the "smart money" or know something you don't then your very much mistaken. There are many finger in the air punters (including insto sponsored) guessing on the short side just as there is on the long side. Only the risk for the shorters is very high when a sharp rally ensues as they must buy long to cover. Short position risk is "theoretically" unlimited just as there is no limit on how high a share price can go.

Also note that our Lithium Peers of decent mcap generally speaking have much higher short positions on average than we do. I don't see a short % of under 2% as anything unusual. Once above 2% I pay more attention above 4% and start doing some research if there is anything FA causing it.

 

[blu]

Here's my prediction @Winenut

 

[Winenut]

Hey @BEISHA @blu @ptlas @Freehold

Thanks for your posts here on AVZ

Not trying to cross promote but there's no CRR Chart thread and I'm interested in anyone's thoughts on that stock (only if interested no pressure)

The price has moved below the recent cap raise of 8.5 and I'm trying to determine possible bottom resistance as a target to potentially top-up

I think it could be in the mid 4's but I'm not technical enough to confirm with any science

I couldn't find a CRR Chart thread on TSE but I would happily start one?

Any response appreciated

Cheers
Nut

 

[ptlas]

Hey @BEISHA @blu @ptlas @Freehold

Thanks for your posts here on AVZ

Not trying to cross promote but there's no CRR Chart thread and I'm interested in anyone's thoughts on that stock (only if interested no pressure)

The price has moved below the recent cap raise of 8.5 and I'm trying to determine possible bottom resistance as a target to potentially top-up

I think it could be in the mid 4's but I'm not technical enough to confirm with any science

I couldn't find a CRR Chart thread on TSE but I would happily start one?

Any response appreciated

Cheers
Nut

Been watching for a while.

A simple rule of trading is the famous
'The trend is your friend'.

A simple look at HC 3 month chart shows that since flirting with 10-11c,
CRR has dropped by a third in the last month. Falling knife.

Will post a chart at the weekend when hopefully my opinion is more upbeat but the purpose of this post is to demonstrate what I told you 2 weeks ago, that charting is not some dark art.
Often stuff is obvious- but I could still be wrong.

4c may well be right, but all I know is that I would not enter here.

You may wish to start a thread and mention it here as I know many AVZers are on CRR.

That way we won't be off topic.

Cheers

 

[blu]

CRR Charts

OK @Winenut let's get this ball rolling. From here will need to punch through resistance at the CR 8.5c, and then 12c which it briefly assailed. Support at 5.4c I don't use any momentum or averages, just keep things very simple with S/R levels.

thestockexchange.com.au

 

[Winenut]

Been watching for a while.

A simple rule of trading is the famous
'The trend is your friend'.

A simple look at HC 3 month chart shows that since flirting with 10-11c,
CRR has dropped by a third in the last month. Falling knife.

Will post a chart at the weekend when hopefully my opinion is more upbeat but the purpose of this post is to demonstrate what I told you 2 weeks ago, that charting is not some dark art.
Often stuff is obvious- but I could still be wrong.

4c may well be right, but all I know is that I would not enter here.

You may wish to start a thread and mention it here as I know many AVZers are on CRR.

That way we won't be off topic.

Cheers

Hey @ptlas

Blu kindly kick started the appropriate CRR chart thread

Head over sometime if interested

Cheers!

 

[blu]

Nice action on LIT ETF last night, punched through down trend resistance, back tested and finished at session high. Baby steps, but in the right direction ... after 4 plus years of being punch drunk from the battering AVZ tends to hand out one tends to not get too excited.
Fuck me though, it's so good without the distraction of the knob heads over at HauteCrapper.

And zooming in

 

[Winenut]

Nice action on LIT ETF last night, punched through down trend resistance, back tested and finished at session high. Baby steps, but in the right direction ... after 4 plus years of being punch drunk from the battering AVZ tends to hand out one tends to not get too excited.
Fuck me though, it's so good without the distraction of the knob heads over at HauteCrapper.

View attachment 2697

And zooming in

View attachment 2699

 

[blu]

 

[blu]

Looking pretty good on 15m

 

[Winenut]

Looking pretty good on 15m

View attachment 3016

Ended up at $1.03. I reckon there was a lot thrown at it in the last half out of trade to keep it around the 1.025ish mark

Got myself some reference material to bone up a bit on these black candlestick charting arts

Looking forward to it

Cheers all

 

[ptlas]

Ended up at $1.03. I reckon there was a lot thrown at it in the last half out of trade to keep it around the 1.025ish mark

Got myself some reference material to bone up a bit on these black candlestick charting arts

Looking forward to it

Cheers all

When I finally have time to start a charting thread, I'll post some interesting stuff, really busy with work and family atm.

In the meantime, I'd suggest you look at Brett Steenbarger - loads of good and free psychology.

 

[LEFOOL]

Should breach $1.10 by EOW. Then replicate LKE with a quick run over 2-3 weeks to circa $1.75 with ’s

 

[Winenut]

Should breach $1.10 by EOW. Then replicate LKE with a quick run over 2-3 weeks to circa $1.75 with ’s

Now c'mon George stop holding back

 

[ptlas]

Hi all,

Weekly:

Bearish divergences from a couple of weeks ago and indecision one week ago that have now been cancelled by subsequent action.

Big fat GC, ATH & ATHC on the largest volume since the move from the basement early last year.

Seems accumulation is ramping up slowly, hence the relatively slow SP appreciation.

Daily:

Indicators approaching overbought, but still rising.
Have a feeling that momentum is waning slightly, but price is rising on fundamentals could go on for some time without ML

BTW sold some at $1.015 the day AVZ cracked $1.
The GF is sick in Asia and too ill to travel. It will support her until she's improved.

We can all talk cars, holidays, and yachts; but at the end of the day it's people that matter. Be lost without her.

 

[BEISHA]

Hi All

If any of you folk are keen for topping up or entering AVZ for the first time, then just be patient cause , not too sure sub wave 3 up has much more to give , has hit the top of Andrew Pitchfork and hit the 1.618 fib resistance ( 116.39 ), i am holding off for a top up until wave 4 down hits and bases, not enough risk reward for me ATM and i have enuff holdings for now, IMO

 

[ptlas]

Interesting that

Hi All

If any of you folk are keen for topping up or entering AVZ for the first time, then just be patient cause , not too sure sub wave 3 up has much more to give , has hit the top of Andrew Pitchfork and hit the 1.618 fib resistance ( 116.39 ), i am holding off for a top up until wave 4 down hits and bases, not enough risk reward for me ATM and i have enuff holdings for now, IMO

View attachment 3289

Interesting that two chartists reached roughly the same conclusion via very different methods.
More to the point, as holders we should surely be upramping.
This site really is a breath of fresh air.

 

[BEISHA]

Hi All

If any of you folk are keen for topping up or entering AVZ for the first time, then just be patient cause , not too sure sub wave 3 up has much more to give , has hit the top of Andrew Pitchfork and hit the 1.618 fib resistance ( 116.39 ), i am holding off for a top up until wave 4 down hits and bases, not enough risk reward for me ATM and i have enuff holdings for now, IMO

View attachment 3289

Hi All

Just a look at the AVZ HOURLY chart.........

As you can see, everything is getting TOPPY..........there might be a final burst in that minor sub wave 5 up ( yellow arrow ) but dont like the look of the divergence of the RSI 14 indicator.......its all in the laps of the instos as to when they pull the trigger

imo

 

[Goat]

Looking at the daily Stoch RSI, it definitely shows a downward trend.
Switching to 4 hourly or hourly, Stoch RSI and RSI don't show any signs of easing off, infact take off.
Adding in daily MACD, again, it's going ballistic.
One would think an announcement is due soon and it'll be a usual case of buy the rumour sell the news as AVZ has always. If there is a sniff of a delay of the mining license we may see some FIB levels coming into play.
My view is that we are still severely undervalued, we are the next big thing that the world will be buying into and we should already be a buck fiddy.

 

[CashKing]

Guys how do I make a thread view of this site ? Or most recent etc , It’s got me fucked heaps of threads is all I see .. I manage but it’s a bit hard any easy way ? Cheers in advance