TRADING OPPORTUNITIES

[CashKing]

HC dont like TSE...........can you imagine why ?

What were you trying to cut & paste ?

Was just going to drop your chart & with what you wrote into the chart thread for our fellow holders, leaving your name and stuff out but courtesy of you but no luck, was a bit pissed but not that pissed and it wasn't working.... Anyway I bought in today Cheers

 

[BEISHA]

Good stuff mate

I sincerely hope that what you say about PLS doesn't come true, especially if it hits the 61 fib. If that's the case then all lithium stocks will go down IMO

Every lithium stock has their respective journey and wave count, so cant agree with your comment that ALL lithium coys will go down if PLS drops to the 61 fib....LRS being a prime example and one of the few right now that is on a uptrend with big FA news about to arrive.

CXO, PLS. AKE, ASN, GLN, LTR etc have been on a downer for a while now and that trend will continue.......especially if the DOW goes bearish short term...

According to my wave count.......DOW has completed 5 waves.......we all know what comes next.


imo

 

[Onthefm]

Every lithium stock has their respective journey and wave count, so cant agree with your comment that ALL lithium coys will go down if PLS drops to the 61 fib....LRS being a prime example and one of the few right now that is on a uptrend with big FA news about to arrive.

CXO, PLS. AKE, ASN, GLN, LTR etc have been on a downer for a while now and that trend will continue.......especially if the DOW goes bearish short term...

View attachment 23601



View attachment 23602
According to my wave count.......DOW has completed 5 waves.......we all know what comes next.


imo

Mate have you looked at a thing called tmt it's a vanadium play. I think v will be used in stationary storage especially as li gets more expensive. I recon the v specks are at about the same stage li stocks were at mybe 8/10 years ago? I like the mc and soi for this one as well. Cheers
Ps more of a hold, probably for me anyway but would value your opinion Cheers again

 

[DiscoDanNZ]

Good luck to those that for into LRS

EDIT: lol massive screenshot fail but you get the idea.

 

[CHB]

I bought in on beishas chart. Fingers crossed!

 

[CashKing]

I bought in on beishas chart. Fingers crossed!

Same, lets see if the magic man can do it again

 

[DiscoDanNZ]

I got FOMO and got 2ks worth at 14.5c this morning being unemployed and renovating a house/buying a garage ornament Charger on one income is all I could stretch lol.

Oh yeah and I haven't told the wife, wish me luck in the divorce. If this goes tits up she will take everything, the mortgage, a car you can't drive and a bunch of suspended or worthless shares.

As always, gamble responsibly.

 

[CashKing]

I got FOMO and got 2ks worth at 14.5c this morning being unemployed and renovating a house/buying a garage ornament Charger on one income is all I could stretch lol.

Oh yeah and I haven't told the wife, wish me luck in the divorce. If this goes tits up she will take everything, the mortgage, a car you can't drive and a bunch of suspended or worthless shares.

As always, gamble responsibly.

When's the Divorce party mate ?

GLTA FFS

 

[DiscoDanNZ]

When's the Divorce party mate ?

GLTA FFS

Whenever @BEISHA is buying the beers for it at this rate .

The best part of Commsec and T+2 is that buying on a Thursday means I don't have to pay until Monday. We have friends visiting this weekend so maybe I'll tell her then, it's rude to argue infront of guests after all. If anyone needs me I'll be down on the corner.

 

[CHB]

Whenever @BEISHA is buying the beers for it at this rate .

The best part of Commsec and T+2 is that buying on a Thursday means I don't have to pay until Monday. We have friends visiting this weekend so maybe I'll tell her then, it's rude to argue infront of guests after all. If anyone needs me I'll be down on the corner.

 

[CashKing]

Whenever @BEISHA is buying the beers for it at this rate .

The best part of Commsec and T+2 is that buying on a Thursday means I don't have to pay until Monday. We have friends visiting this weekend so maybe I'll tell her then, it's rude to argue infront of guests after all. If anyone needs me I'll be down on the corner.

Yep mine comes out today which makes it even more depressing

Ahh well lets hope it's just a dummy spit and we are back on track in no time with a updated chart

Good Luck Guys...

 

[DiscoDanNZ]

Yep mine comes out today which makes it even more depressing

Ahh well lets hope it's just a dummy spit and we are back on track in no time with a updated chart

Good Luck Guys...

Updated chart will be interesting @BEISHA, show yourself and answer to my wife!

Looking at a few peers based purely on resource size alone they sit around the 40c mark. I'd be happy with that lol

 

[BEISHA]

Mate have you looked at a thing called tmt it's a vanadium play. I think v will be used in stationary storage especially as li gets more expensive. I recon the v specks are at about the same stage li stocks were at mybe 8/10 years ago? I like the mc and soi for this one as well. Cheers
Ps more of a hold, probably for me anyway but would value your opinion Cheers again

If I am looking at TMT from a traders POV, i wouldnt enter until the resistance zone is broken to the upside which would confirm a change of trend.

There isnt actually alot of resistance there after once 44 is broken , so thats my thinking there.

There looks to be good support at 29/31 , but if that was broken to the downside, there aint alot of support until 23 / 24.

So I would have a STOP LOSS placed at 29 thus saving you 20% capital, which you could use to buy it once a bottom has been found.

Hope that helps.

imo

 

[Onthefm]

Th

View attachment 23987

If I am looking at TMT from a traders POV, i wouldnt enter until the resistance zone is broken to the upside which would confirm a change of trend.

There isnt actually alot of resistance there after once 44 is broken , so thats my thinking there.

There looks to be good support at 29/31 , but if that was broken to the downside, there aint alot of support until 23 / 24.

So I would have a STOP LOSS placed at 29 thus saving you 20% capital, which you could use to buy it once a bottom has been found.

Hope that helps.

imo

Thanks mate cheers.

 

[BEISHA]

@Cashcity , @CHB , @DiscoDanNZ , @Winenut

Sorry chaps for your short term loss..............nothing wrong with my chart, it was the FA that let us down.

When you only have 2mt indicated out of 13m at a lowly grade of 1.2%, that aint gonna cut it when the overall trend of lithium stocks is bearish.........

MRE needed more indicated and higher grade ...............should never of been a TH for that.

LRS had alot of good pockets of 3% hits, so i thought the overall grade would of been in the 1.5% vicinity,

These 2 charts aint helping the lithium cause.............more pain to come i reckon.

Currently the trend still intact for LRS with strong support at 12.5 / 11, altho trend has been broken with the RSI 14.

Hoping support holds, but given the bearish macro, no guarantee.

Big drill programme early next year ......65000m worth, plenty of upside.

Your choice is HOLD or SELL in the mean time.


imo

 

[CashKing]

@Cashcity , @CHB , @DiscoDanNZ , @Winenut

Sorry chaps for your short term loss..............nothing wrong with my chart, it was the FA that let us down.

When you only have 2mt indicated out of 13m at a lowly grade of 1.2%, that aint gonna cut it when the overall trend of lithium stocks is bearish.........

MRE needed more indicated and higher grade ...............should never of been a TH for that.

LRS had alot of good pockets of 3% hits, so i thought the overall grade would of been in the 1.5% vicinity,

View attachment 24002



View attachment 24003

These 2 charts aint helping the lithium cause.............more pain to come i reckon.


View attachment 24005

Currently the trend still intact for LRS with strong support at 12.5 / 11, altho trend has been broken with the RSI 14.

Hoping support holds, but given the bearish macro, no guarantee.

Big drill programme early next year ......65000m worth, plenty of upside.

Your choice is HOLD or SELL in the mean time.


imo

Thanks bud and you had me at Sorry chaps for your short term loss…

Short term I can deal with as I dont panic over much anymore 14 ish % down atm and know how that can change quickly , but I’ll stick it out I reckon, I think to myself LRS JORC yeah cool & some more announcements to come further drill results etc & I always go back to AVZ as a measurement but Fuxk me doesn’t look like anything ever compares to our beast….

Cheers for the update

Take care and stay sane ish

 

[DiscoDanNZ]

@Cashcity , @CHB , @DiscoDanNZ , @Winenut

Sorry chaps for your short term loss..............nothing wrong with my chart, it was the FA that let us down.

When you only have 2mt indicated out of 13m at a lowly grade of 1.2%, that aint gonna cut it when the overall trend of lithium stocks is bearish.........

MRE needed more indicated and higher grade ...............should never of been a TH for that.

LRS had alot of good pockets of 3% hits, so i thought the overall grade would of been in the 1.5% vicinity,

View attachment 24002



View attachment 24003

These 2 charts aint helping the lithium cause.............more pain to come i reckon.


View attachment 24005

Currently the trend still intact for LRS with strong support at 12.5 / 11, altho trend has been broken with the RSI 14.

Hoping support holds, but given the bearish macro, no guarantee.

Big drill programme early next year ......65000m worth, plenty of upside.

Your choice is HOLD or SELL in the mean time.


imo

No need the be sorry mate, the FA definitely screwed us all on this one. The last time I put an order in something based on an announcement I dropped balls and cancelled it at 9.59am. That one went up 300% and I'm still dirty on it but I can't even remember what the ticker was lol.

I told the Mrs this arvo what I did and she just went 'oh well as long as it has long term prospects'. I'm starting to think she's not to bright, she did marry me after all.

 

[BEISHA]

LTR

Yellow arrow pointing to a bearish engulfing candle on the WEEKLY.....clear break to the down side.

LTR lost 15% for the week

The 2 main support areas where sub wave 2 down could land and reverse is the 50 / 61 fib , i have a gut feel it will be the latter given the bearish MACRO.

Lithium prices dropping from a high point, DOW down 300pts Friday night and could drop another 2000pts over the next period of time

Technically LTR is a SELL...............for now.

imo


AKE

AKE lost 15% for the week and yellow arrow pointing to a bearish engulfing candle which has virtually lapped the previous bullish engulfing candle...........bearish with high volume.

Massive divergence on the RSI 14.............bearish.

MAIN WAVE 2 down can drop a fair way, with 50 / 61 fib the common drop.


Technically, AKE is a SELL ..........for now


imo


PLS

PLS a virtual carbon copy of AKE, LTR.

PLS lost 10% for the week, with yellow arrow pointing to a bearish engulfing candle.

Divergence of the RSI 14 and dropping like a stone.

50/61 fib support is the likely drop.


Technically, PLS is a SELL...........for now.


CXO

CXO lost 15% for the week and is a carbon copy of LTR, AKE, PLS.


Same story, same outcome.


Above average volume going thru.


Technically, CXO is a SELL.............for now.


ESS

ESS SP has dropped below the EMAs ( yellow arrow ) and now entering the main support line.

A failure to hold there, then its a big drop down to the next support zone 25 / 20.

RSI 14 @ 43 is far from over sold.

Technically, ESS is a SELL ...........for now.


GLN.

GLN lost 15% for the week too and now i am questioning whether that section outlined in red is part of a massive ABC correction to formulate a new low for sub wave 4 down........

Technically , sub wave 4 down could go as low as the height of sub wave 1 up ( 60c ), which would be crazy for such a high quality grade brine stock which only recently upgraded their JORC to 5.8 m/t and rising.

RSI 14 has broken the trend and at 43, far from over sold.

SP is now below all the EMAs, so technically its a SELL............for now.


Thats all i got for the lithium sector...............common trend...............bearish.


Later on i will run the ruler on RNU, IXR and some goldies.

 

[BEISHA]

No need the be sorry mate, the FA definitely screwed it us all on this one. The last time I put an order in something based on an announcement I dropped balls and cancelled it at 9.59am. That one went up 300% and I'm still dirty on it but I can't even remember what the ticker was lol.

I told the Mrs this arvo what I did and she just went 'oh well as long as it has long term prospects'. I'm starting to think she's not to bright, she did marry me after all.

Thanks Disco, i dont like losing, even worse when others lose with me, hey just a thought, as you are coming to Perth, maybe we catch up for a drink, along with @Cashcity and maybe even @JAG too............just a thought

 

[CashKing]

Thanks Disco, i dont like losing, even worse when others lose with me, hey just a thought, as you are coming to Perth, maybe we catch up for a drink, along with @Cashcity and maybe even @JAG too............just a thought

Not happy with CXO at $1.55 but once the gap gets filled I think it’s on, poxy GS put it at sell but guess who’s buying !!!

Criminal but it’s how they make the big $$$ I guess, wouldn’t surprise me one they filled at $1 ish they put a article and CXO boosts, a lot to like IMO

Cheers guys