TRADING OPPORTUNITIES

[BEISHA]

Hi All

Well, I thought i would have a look at some of my stock predictions from last week, see how i went.

LRS

View attachment 52163

Last week i mentioned LRS was OB on the hourly chart, could drop back to 20c support, well i was on the money, 11/12/23 it made its descent, ended up bottoming at 19.3, then has made a nice move to challenge 25c resistance, but indicators are looking a bit iffy, so a minor push back to 19/20c support could be on the cards.

Sentiment: Hold / partial sell

AKE

View attachment 52164

Well, i did project a push back last week, again i was on the money, 11/12/23 it started its descent, but didnt go anywhere near 858 , got to 911 , then went on a nice sprint to 1075 resistance, but as you can see, indicators look bearish and heiken ashi has gone red, above average volume, so a push back to the green support zone highlighted could be on the cards.

Sentiment: Hold / partial sell

LTR

View attachment 52165
I predicted LTR could drop to 130 support or lower last week, well it found support at 126, then went for a nice sprint to 145 resistance , but looks like the run is over with indicators OB, heiken ashi gone red, so a push back to 132 support or lower could be on the cards.

Sentiment: Hold / part sell

CXO

View attachment 52167

Last week i mentioned if SP could break 27c resistance, it could go for a run, well it has done just that, now the questions is, can it reach 33c resistance or will it back test to 27c support or lower ?

Sentiment : HOLD

SYA

View attachment 52168

I mentioned last week,i had doubts whether SP could break 6c resistance, again right bang on the 11/12/23 it failed and back tested to 5.42 support, before making another nice run to 6.9c resistance, where it appears a back test to 6c support or lower is most likely.

Sentiment: HOLD / Partial sell

As you can see lithium sector as a whole is on the rise, long term lows are in, common patterns across the board, higher highs / lows.....promising developments overall, but as mentioned last week, DOW is due for a decent correction, so hoping these movements are not a bull trap...

imo

Hi All,

Just a quick review on some of these lithium stocks to see if my previous post held the test of time...

LRS

I mentioned LRS could pull back to 20 support and it has, but will it hold ?
Indicators still look bearish, SP below 4, 8, 21 ema and above average volume is occurring so cant rule out 16.69 support getting hit now.....which would mean the previous bullish movement was just a fake out.

Sentiment: observe / partial sell

LTR

Well i predicted a fall back to 132 or lower on the hourly chart, its dropped alot lower than that and if 119 support doesnt hold, then 88 support comes to play. All indicators are bearish .

Sentiment : Observe / Sell

PLS

PLS had a good movement from 309 to just under the 403 resistance, but lost steam, 372 support now resistance didnt hold, has hit the 347 support and produced a bullish inverted hammer candle, which could be a sign of a bullish reversal but would need confirmation with a follow up green candle.
If you would like to take a punt that the low is in, fine, but install a tight stop loss at 341 ( purple line ) to protect capital if the bearish movement continues.

Sentiment: observe / minimal accumulation

CXO

With CXO on C&M, its really at the whim of markets where the SP goes, if 21c strong support doesnt hold, then 10c support comes to play. RSI 14 is not over sold, so there is a high possibility it could reach that low. Its a flip of the coin where this goes. For long term holders , just put it in the back draw, but if you are a trader, apply a tight SL .

Sentiment: Observe / hold

SYA

Very similar chart to CXO. Unfortunately SP has drifted right off after hitting 7c resistance, i mentioned it could drop back to 6c or lower, well its certainly drifted alot lower, if current support at 4.5c doesnt hold, cant rule out 2.45 support getting hit.

So long term holders of SYA, just put in bottom draw and wait for better times, traders, apply a tight SL.

Bearish lithium sentiment is trashing good stock across the board, my portfolio is deep in red too , yes i am a trader and i try to limit the damage, but primarily i am a investor who likes to have skin in the game to take advantage of FA rerate.......if spare coin is available, i am just trying to average down to take advantage of bargain basement prices with a view of the lithium sector turning bullish some time down the track, so if you are a holder, the worst decision you can make is selling up at the low, remember, this is a trading thread, different game.

And just a reminder....

Dow is multiple topped, with bearish divergence on the indicators, suggesting more volatile times to come.

Tread carefully.

 

[ptlas]

Thanks legend !

BTW.
It looks as anaemic as 8 week ago, down 20% since which means there's more upside when it turns.
Patience is a virtue

 

[DiscoDanNZ]

Hi All,

Just a quick review on some of these lithium stocks to see if my previous post held the test of time...

LRS

View attachment 54841

I mentioned LRS could pull back to 20 support and it has, but will it hold ?
Indicators still look bearish, SP below 4, 8, 21 ema and above average volume is occurring so cant rule out 16.69 support getting hit now.....which would mean the previous bullish movement was just a fake out.

Sentiment: observe / partial sell

LTR

View attachment 54847 Well i predicted a fall back to 132 or lower on the hourly chart, its dropped alot lower than that and if 119 support doesnt hold, then 88 support comes to play. All indicators are bearish .

Sentiment : Observe / Sell

PLS

View attachment 54848 PLS had a good movement from 309 to just under the 403 resistance, but lost steam, 372 support now resistance didnt hold, has hit the 347 support and produced a bullish inverted hammer candle, which could be a sign of a bullish reversal but would need confirmation with a follow up green candle.
If you would like to take a punt that the low is in, fine, but install a tight stop loss at 341 ( purple line ) to protect capital if the bearish movement continues.

Sentiment: observe / minimal accumulation

CXO

View attachment 54849
With CXO on C&M, its really at the whim of markets where the SP goes, if 21c strong support doesnt hold, then 10c support comes to play. RSI 14 is not over sold, so there is a high possibility it could reach that low. Its a flip of the coin where this goes. For long term holders , just put it in the back draw, but if you are a trader, apply a tight SL .

Sentiment: Observe / hold

SYA

View attachment 54850 Very similar chart to CXO. Unfortunately SP has drifted right off after hitting 7c resistance, i mentioned it could drop back to 6c or lower, well its certainly drifted alot lower, if current support at 4.5c doesnt hold, cant rule out 2.45 support getting hit.

So long term holders of SYA, just put in bottom draw and wait for better times, traders, apply a tight SL.

Bearish lithium sentiment is trashing good stock across the board, my portfolio is deep in red too , yes i am a trader and i try to limit the damage, but primarily i am a investor who likes to have skin in the game to take advantage of FA rerate.......if spare coin is available, i am just trying to average down to take advantage of bargain basement prices with a view of the lithium sector turning bullish some time down the track, so if you are a holder, the worst decision you can make is selling up at the low, remember, this is a trading thread, different game.

And just a reminder....

View attachment 54851
Dow is multiple topped, with bearish divergence on the indicators, suggesting more volatile times to come.

Tread carefully.

View attachment 54852

Looks like you are as always 100% correct with LRS mate

 

[CHB]

@BEISHA

Is it me or are we seeing a few lithium stocks reach possible breakout?

I'm not a charts guy but thought I saw a few like AGY and WR1 coming close to decision time.

 

[Pokok]

@BEISHA

Is it me or are we seeing a few lithium stocks reach possible breakout?

I'm not a charts guy but thought I saw a few like AGY and WR1 coming close to decision time.

I see SYA having a quick run up if the Lithium prices rise , already up nicely in 7 days

 

[CHB]

I see SYA having a quick run up if the Lithium prices rise , already up nicely in 7 days

Yeah saw that, odd that it's continued the climb compared to other stocks but great for holders

 

[taofufa]

@BEISHA haven't heard for you for sometime, hope you are doing well !

 

[BEISHA]

@BEISHA haven't heard for you for sometime, hope you are doing well !

Haha, is that a kind way for you to say............pump some charts out Beisha !!

Ok.

LTR

Sub wave 4 down taking place, just a matter of where it finishes, my gut feel, it will hit the 61 fib support 114, before sub wave 5 up follows.

Its on my watch list for a trade for sure.

Sentiment: watch

PLS

Sub wave 4 down action happening here as well, all indicators look bearish still, so 370 support is where i see it land.

Watching closely for a trade on this one as well.

Sentiment: Watch

SYA

Strong support at 3.75 / 4c, it should hold and rise from here considering lithium sentiment on the improve and FY half results were rather encouraging from a FA perspective, so i only see upside to at least 5.3c in the short term .

Which is why i currently HOLD.

Sentiment: Hold.

GLN

Little bit hard to know where GLn is going short term, is it going to back test 35 support or break 44 resistance and fly to 55 ?

Sentiment: Accumulate.

I hold.

LTM ( allkem )

Double bottom 649 could be in play here or lower, indicators still bearish.

Sentiment: Watch

Its on my watch list for a potential trade.

LRS

Sub wave 5 up in progress here, a break of 22.9c resistance will give you a nice return of 30% plus, so worth a punt.
Low downside, strong support at 18c.
Good room to move on the indicators which are neutral atm.

Sentiment: Accumulate / Buy.

I am watching closely for a trade.

NIC

Nickle sector is on the improve and NIC is one of best producers out there.

Has had a good run , but the 83c strong resistance was too much of a barrier, so its retracing back to the 61 fib support 70c me thinks.

Indicators bearish

Sentiment: watch.

I have taken profit, now will be watching for re entry.


cheers

 

[taofufa]

Haha, is that a kind way for you to say............pump some charts out Beisha !!

Ok.

LTR

View attachment 59223

Sub wave 4 down taking place, just a matter of where it finishes, my gut feel, it will hit the 61 fib support 114, before sub wave 5 up follows.

Its on my watch list for a trade for sure.

Sentiment: watch

PLS

View attachment 59224

Sub wave 4 down action happening here as well, all indicators look bearish still, so 370 support is where i see it land.

Watching closely for a trade on this one as well.

Sentiment: Watch

SYA

View attachment 59225

Strong support at 3.75 / 4c, it should hold and rise from here considering lithium sentiment on the improve and FY half results were rather encouraging from a FA perspective, so i only see upside to at least 5.3c in the short term .

Which is why i currently HOLD.

Sentiment: Hold.

GLN

View attachment 59227

Little bit hard to know where GLn is going short term, is it going to back test 35 support or break 44 resistance and fly to 55 ?

Sentiment: Accumulate.

I hold.

LTM ( allkem )

View attachment 59232

Double bottom 649 could be in play here or lower, indicators still bearish.

Sentiment: Watch

Its on my watch list for a potential trade.

LRS

View attachment 59233

Sub wave 5 up in progress here, a break of 22.9c resistance will give you a nice return of 30% plus, so worth a punt.
Low downside, strong support at 18c.
Good room to move on the indicators which are neutral atm.

Sentiment: Accumulate / Buy.

I am watching closely for a trade.

NIC

View attachment 59236

Nickle sector is on the improve and NIC is one of best producers out there.

Has had a good run , but the 83c strong resistance was too much of a barrier, so its retracing back to the 61 fib support 70c me thinks.

Indicators bearish

Sentiment: watch.

I have taken profit, now will be watching for re entry.


cheers

lol, nah just thought like haven't heard from you for sometime, especially was(still) kinda worry after seeing the tender from Zijin last week. Any eye on wow ? low risk low return.

 

[BEISHA]

lol, nah just thought like haven't heard from you for sometime, especially was(still) kinda worry after seeing the tender from Zijin last week. Any eye on wow ? low risk low return.

especially was(still) kinda worry after seeing the tender from Zijin last week. Any eye on wow ? low risk low return.

 

[taofufa]

especially was(still) kinda worry after seeing the tender from Zijin last week. Any eye on wow ? low risk low return.

View attachment 59316

Zijin tender = https://www.radiookapi.net/offre-de...democratique-du-congo-le-projet-de-station-de

wow = https://bigcharts.marketwatch.com/a...sToggle=false&chartStyleToggle=false&state=11

 

[BEISHA]

Zijin tender = https://www.radiookapi.net/offre-de...democratique-du-congo-le-projet-de-station-de

wow = https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Stock&symb=au:wow&time=8&startdate=1/4/1999&enddate=9/17/2019&freq=1&compidx=aaaaa:0&comptemptext=&comp=none&ma=4&maval=9&uf=32&lf=268435456&lf2=4&lf3=2&type=4&style=320&size=4&x=62&y=7&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11

Zijin tender =

The absolute nerve of those bastards!

I wish and prey Karma rains on their arse...

Regards to WOW..........,what a dump!

I wonder if that is related to the ACCC enquiry ?

If you are considering a trade, then i would wait for a break to the upside of 3279 resistance zone for complete safety.

imo

 

[taofufa]

Has been sometime since we heard from @BEISHA I know the Li been quiet and not much to see, wondering what's your view on woolworth ?

 

[BEISHA]

Has been sometime since we heard from @BEISHA I know the Li been quiet and not much to see, wondering what's your view on woolworth ?

Sorry, WOW is still looking like a sick dog, nothing to like atm, all indicators are bearish despite being in over sold territory, 3157.85 support has been broken to the down side, 2812.74 support could be where it lands before a reversal me thinks.

Indicators need to base and rise, SP needs to create some higher low / highs action before i would consider a entry / top up.

Personally a break of the strong 3355 resistance would confirm a change of trend, so thats what i would consider as a BUY.

Until then i would still be observing if i were you........do you hold ?

 

[taofufa]

View attachment 62173

Sorry, WOW is still looking like a sick dog, nothing to like atm, all indicators are bearish despite being in over sold territory, 3157.85 support has been broken to the down side, 2812.74 support could be where it lands before a reversal me thinks.

Indicators need to base and rise, SP needs to create some higher low / highs action before i would consider a entry / top up.

Personally a break of the strong 3355 resistance would confirm a change of trend, so thats what i would consider as a BUY.

Until then i would still be observing if i were you........do you hold ?

Thanks for sharing the chart, not yet but looking to acquire some.

 

[BEISHA]

Thanks for sharing the chart, not yet but looking to acquire some.

I understand you are frustrated with how your portfolio is going, but , i see some good signs with some of the stocks you hold, so keep the faith.

LTR

Nice trend developing early stages of sub wave 3 up, RSI 14 is close to OB, minor retrace on the cards, but short / medium term, looking promising. I have a 1.618 fib target of 212 for sub wave 3 up, LTR should achieve that if commissioning goes well and li spot price continues its steady uptrend, MACRO behaves etc.

GLN @Sparrowhawk12

Double bottom 27c now all indicators are turning up with increased volume........could it be a sign that GLN is about to announce a finance solution ? Good luck to us both, I hold currently, been in and out, frustrating stock, great potential, just needs funding, producer in 2025, high grade, low impurities, low cost to produce, got everything going for it.......when finance secured, watch GLN fly.

SYA

SYA looks to have found a bottom 3.2c, RSI 14 trend has broken the down trend, 4, 8ema converging with the 21 ema, MACD looks to be breaking out, positive signs, a break of the strong 4/ 4.3c resistance and the shackles are off .

PLS

Early stages of sub wave 5 up playing out here, indicators slighly negative, suggesting SP will back test the 23 fib 400, before the next leg up, but overall trend is bullish.

I intend to get back into PLS fairly soon, cant go wrong with this blue chip!

LRS

LRS looking strong too, MRE update due very soon, OTs not far away either, triple top 26, suggesting a retrace to the 23 / 38 fib support could be in play, but i have a sub wave 3 up target of 30/34 or more once that FA pops.

I re entered this stock at 20c, looking good.

 

[EarleofBarrow]

I understand you are frustrated with how your portfolio is going, but , i see some good signs with some of the stocks you hold, so keep the faith.

LTR

View attachment 62530

Nice trend developing early stages of sub wave 3 up, RSI 14 is close to OB, minor retrace on the cards, but short / medium term, looking promising. I have a 1.618 fib target of 212 for sub wave 3 up, LTR should achieve that if commissioning goes well and li spot price continues its steady uptrend, MACRO behaves etc.

GLN

View attachment 62532

Double bottom 27c now all indicators are turning up with increased volume........could it be a sign that GLN is about to announce a finance solution ? Good luck to us both, I hold currently, been in and out, frustrating stock, great potential, just needs funding, producer in 2025, high grade, low impurities, low cost to produce, got everything going for it.......when finance secured, watch GLN fly.

SYA

View attachment 62538

SYA looks to have found a bottom 3.2c, RSI 14 trend has broken the down trend, 4, 8ema converging with the 21 ema, MACD looks to be breaking out, positive signs, a break of the strong 4/ 4.3c resistance and the shackles are off .

PLS

View attachment 62540

Early stages of sub wave 5 up playing out here, indicators slighly negative, suggesting SP will back test the 23 fib 400, before the next leg up, but overall trend is bullish.

I intend to get back into PLS fairly soon, cant go wrong with this blue chip!

View attachment 62541

Hi Beisha,great analysis as usual.
When you get a chance could you take a look at VMM and post some technical analysis.
I bought in several weeks back before the last CR and they are currently in a nice upward trend trading channel.
All indicators are in my view looking healthy and it appears accumulation going on.My Fibs indicate probably challenge ATH,but trying to work out where the ceiling is going to be and the eventual pullback.
Good to see you still going hard and flying the flag on our problem child
Cheers

 

[BEISHA]

Hi Beisha,great analysis as usual.
When you get a chance could you take a look at VMM and post some technical analysis.
I bought in several weeks back before the last CR and they are currently in a nice upward trend trading channel.
All indicators are in my view looking healthy and it appears accumulation going on.My Fibs indicate probably challenge ATH,but trying to work out where the ceiling is going to be and the eventual pullback.
Good to see you still going hard and flying the flag on our problem child
Cheers

Hi Earl

Sorry its taken a while to get back to you, been struck down with Covid, only starting to recover.

Your assessment of VMM is a accurate one, strong stock with a potential cup & handle pattern playing out which should tie in with the 61 fib ath or the 50 fib 207 over the course of time.

This current wave 3 up action has a long term 1.618 fib / SP target of 4.60.

Short term wise, the only question i will pose is RSI 14 has hit OB on the daily, will 38 fib resistance create a push back to the 23 fib support 147 ?

If you have a buy / hold long term strategy, then that movement shouldnt be a concern, or the potential cup and handle pattern play either, however as i am a trader, these are the two key events that i would be looking at hard to take profit and re invest at a lower price for greater leveredge assuming FA remains strong.

Hope life is treating you well Earl!

imo

 

[EarleofBarrow]

Hi Earl

Sorry its taken a while to get back to you, been struck down with Covid, only starting to recover.

View attachment 63218

Your assessment of VMM is a accurate one, strong stock with a potential cup & handle pattern playing out which should tie in with the 61 fib ath or the 50 fib 207 over the course of time.

This current wave 3 up action has a long term 1.618 fib / SP target of 4.60.

View attachment 63219

Short term wise, the only question i will pose is RSI 14 has hit OB on the daily, will 38 fib resistance create a push back to the 23 fib support 147 ?

If you have a buy / hold long term strategy, then that movement shouldnt be a concern, or the potential cup and handle pattern play either, however as i am a trader, these are the two key events that i would be looking at hard to take profit and re invest at a lower price for greater leveredge assuming FA remains strong.

Hope life is treating you well Earl!

imo

Thanks for your thoughts Jason,exactly the same as mine just nice to get confirmation
Tempted to do a sneaky trade and double up on the pullback.
If it comes off beers are on me next AGM.

Life is good but had to return to full time FIFO 7 on,7 off
( Cmon Nige)

 

[DiscoDanNZ]

I understand you are frustrated with how your portfolio is going, but , i see some good signs with some of the stocks you hold, so keep the faith.

LTR

View attachment 62530

Nice trend developing early stages of sub wave 3 up, RSI 14 is close to OB, minor retrace on the cards, but short / medium term, looking promising. I have a 1.618 fib target of 212 for sub wave 3 up, LTR should achieve that if commissioning goes well and li spot price continues its steady uptrend, MACRO behaves etc.

GLN @Sparrowhawk12

View attachment 62532

Double bottom 27c now all indicators are turning up with increased volume........could it be a sign that GLN is about to announce a finance solution ? Good luck to us both, I hold currently, been in and out, frustrating stock, great potential, just needs funding, producer in 2025, high grade, low impurities, low cost to produce, got everything going for it.......when finance secured, watch GLN fly.

SYA

View attachment 62538

SYA looks to have found a bottom 3.2c, RSI 14 trend has broken the down trend, 4, 8ema converging with the 21 ema, MACD looks to be breaking out, positive signs, a break of the strong 4/ 4.3c resistance and the shackles are off .

PLS

View attachment 62540

Early stages of sub wave 5 up playing out here, indicators slighly negative, suggesting SP will back test the 23 fib 400, before the next leg up, but overall trend is bullish.

I intend to get back into PLS fairly soon, cant go wrong with this blue chip!

LRS

View attachment 62550

LRS looking strong too, MRE update due very soon, OTs not far away either, triple top 26, suggesting a retrace to the 23 / 38 fib support could be in play, but i have a sub wave 3 up target of 30/34 or more once that FA pops.

I re entered this stock at 20c, looking good.

View attachment 62541

Hey Beisha mate hope you are well. Just stopped in to quickly see if your tea leaves had a PLS takeover of LRS in them?



Should have sold them ages ago as I only ever bought them to trade lol.