CRR Charts
- Thread starter blu
- Start date
Indicators showing some green shoots bull, SP bouncing off the 3.8c support once again, punters might be accumulating in anticipation for the next set of drilling results from the Mavis swell zone, which is getting some nice hits i must say, with potentially good grade.
All these hits are improving on the intial 8m/tonne MRE, a revised MRE could be released when ?
Surely then the 4 - 5c resistance wall gets busted open then?........
Easy hold for me.
imo
Last edited:
Sitting in doctor's.
Thought I'd try and post from my phone.
This chart is H-A but I've applied my drawings on standard candlesticks as they are more reflective of the position.
However, the H-A still shows the breaking of the RSI downtrend that corresponds with the missing right shoulder of the MACD-H.
The latest H-A is also green on the back of decreasing red.
If there is one fly, it's that volume is low.
Altogether, very positive.
BTW, I know diddly about the FA
Thought I'd try and post from my phone.
This chart is H-A but I've applied my drawings on standard candlesticks as they are more reflective of the position.
However, the H-A still shows the breaking of the RSI downtrend that corresponds with the missing right shoulder of the MACD-H.
The latest H-A is also green on the back of decreasing red.
If there is one fly, it's that volume is low.
Altogether, very positive.
BTW, I know diddly about the FA
Attachments
Unfortunately not alot to get enthused about yet with CRR, disapponting to say the least in fact!
Hit a new low for the year, despite good news dropping , i guess the negative sentiment within the lithium sector doesnt help, but...
That being said, clear support at 3.5 and RSI 14 indicator displaying bullish divergence.
4 - 5c resistance is proving very difficult to break.....period.
Lets hope more good news drops and the chart below improves..
Over sold to the max
imo
Fark me.........
Key support @3.5 broken to the downside........which is now resistance
Gap fill at 3.1 executed, lets hope that acts as support......
I have no words, other than to say " hold for better times "
SP is not a true reflection of FA, not by a long shot !!
FFS.
Finally, we have movement.........
Indicators are bullish, SP above the 21 ema and its broken thru the upper TL...plus we have a bit of added volume .
IMO, i think 2.4 was the low and its onwards and upwards from here.
CRR is due for some news, has some insiders caught a whiff of some good stuff ?
Indicators are bullish, SP above the 21 ema and its broken thru the upper TL...plus we have a bit of added volume .
IMO, i think 2.4 was the low and its onwards and upwards from here.
CRR is due for some news, has some insiders caught a whiff of some good stuff ?
Lol, classic fake out, dead cat bounce, whatever you call it.Finally, we have movement.........
View attachment 49177
Indicators are bullish, SP above the 21 ema and its broken thru the upper TL...plus we have a bit of added volume .
IMO, i think 2.4 was the low and its onwards and upwards from here.
CRR is due for some news, has some insiders caught a whiff of some good stuff ?
Lithium spot price continues its down trend, CRR following the trend accordingly
2.3c ..........what a absolute bargain, but cant rule out SP going to 1.8c support
So will wait a bit longer before my next top up.
imo
the price is only falling cause I bought into itevery damn time
I had a feeling last week it might go close to 1.8c support and it nearly did, touching 1.9c, have we finally found a bottom ?
Hourly chart suggests maybe, but i wont be convinced until 2.2c resistance has broken to the upside.
Top up is very tempting now.
imo
Winenut
Go AVZ!
It's very much about your TA at the moment Beish
The whole CRR thing is very much down the shitter in my opinion
From a FA aspect it seems to be about the difficulties of getting projects through the regulatory aspects in Canada and the results from drilling
Until something changes there it's trading and technicals I guess
Yeah, its a shitter alright, i just keep reminding myself that CRR has 8mt inferred / indicated, a massive swell zone with big hits and surrounding tenements is very prospective.It's very much about your TA at the moment Beish
The whole CRR thing is very much down the shitter in my opinion
From a FA aspect it seems to be about the difficulties of getting projects through the regulatory aspects in Canada and the results from drilling
Until something changes there it's trading and technicals I guess
When the lithium spot price went to shit, it takes all prisoners, especially specs, recently tho i have noticed the lithium sector is on the up turn ( refer to my trading opportunities thread ), as per usual, specs are the last to respond.
Updated MRE is due mid next year or earlier, you would expect the lithium spot price and sentiment overall to have improved by then, lots of the swell zone results already released are not included in the current MRE, we have alot of assays still pending that will be added on to that plus future drilling campaigns, still have 7m at bank.
Very possible that updated MRE could be 15mt, so i would expect SP to be 6 - 8c.
A 2 - 3 bagger from from where we are now or more.
That being said, DOW has had a good run and is due for a decent correction imminently, how will CRR respond to that ?
For me, i am just going to accumulate at these crazy low levels where i can, with the aim to sell once updated MRE is released, or trade the S & R in between.
imo
Winenut
Go AVZ!
Agreed
I'm sort of looking to average down at these 2c levels with a view to selling the whole holding out in the 6c range some time next year (assuming things like the MRE and general sentiment in the lithium sector go to plan)
Won't make a fortune by any means but won't do my balls.....hopefully
CRR looks to have found support at 1.8 , indicators look positive, 4, 8, 21 ema convergence, challenge now is to break 2.4c resistance to confirm bullish reversal.
imo
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