CashKing
Regular
Ohh are you paying for the drinks
cash kinda tied up atm lolololololo
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TRADING OPPORTUNITIES
- Thread starter BEISHA
- Start date
cash kinda tied up atm lolololololo
DiscoDanNZ
Regular
Yeah I'd definitely be keen for that, what area are you guys in/suits? I'll have to cross reference that to the wife's itinerary spreadsheet
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Winenut
Go AVZ!
No apologies required Beish@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
We're all grown up and responsible for our own actions
I simply appreciate the viewpoints and the discussion......everything else is up to the individual
Cheers
speak for yourselfNo apologies required Beish
We're all grown up and responsible for our own actions
I simply appreciate the viewpoints and the discussion......everything else is up to the individual
Cheers
i'm invoicing a reimbursement charge to beisha
PLS got close to touching the 50 fib ( 381.76 ), before a nice correction up took place .......was that the low ?
Hard to tell, SP is sort of in no mans land atm, with no great support until the 61 fib ( 339.35 ), where co incidentally the 200 ma lies.
Strong support lies at 320, but will it go that low given RSI 14 is very close to over sold ?
Conversely, if 440 strong resistance is broken to the upside, then that could be the signal for a change of trend.
Its a wait & see, next week will reveal more.
AKE
How low can AKE go with RSI 14 at oversold 30 ?
RSI 14 has gone as low as 20 in the past.
Its a wait & see, next week will reveal more.
LTR ( @taofufa )
LTR has now hit the 50 fib support ( 154 ), how much lower can that go given RSI 14 is now oversold 28 ?
Historically, RSI 14 has gone as low as 20.
Its a wait & see, next week will reveal more.
ESS
Well, what a fucking train wreck ESS is !!
SP sitting right at the bottom of the support zone, failure to hold there, then next support isnt until 24
RSI 14 is at 21, hisorically has gone as low as 19.
Its a wait and see, next week will reveal more.
GLN
GLN has now reached the .786 support line ( 110 )
How much lower can this go with RSI 14 over sold at 24 ?
Historically RSI 14 has gone as low as 19, so a drop down to 99 / 92 support zone is still a possibility.
Its a wait and see, next week will reveal more.
LRS ( @DiscoDanNZ , @CHB , @Winenut )
Well, i had high hopes that LRS would buck the lithium bear, but alas, its following the same path as all the others, with yellow arrow highlighting a clear break of the long term trend line.
RSI 14 @ 38 is not over sold, so the fear is that if 10 support doesnt hold, then a drop to 8c could be on the cards.
I thank my lucky stars i sold majority of holdings at 13c, the day of the announcement of MRE, i was holding 70k worth
Just holding 10k worth now with a SL @ 9.8
MACRO
Given the DOW potentially has another 2000pt drop and Li prices on the slide, i have alot of cash on the side lines atm and will not act on any of the stocks listed above until a base build and development of higher lows / highs has been defined.
I used to be guilty of predictive charting, but now i prefer to trade based on PRICE ACTION, no matter how attractive a opportunity looks right now.
In my experience, stocks can still develop lower lows in OVER SOLD conditions on the RSI 14, the same way as stocks can still develop higher lows / highs in OVER BOUGHT conditions too.
So i will sit on my hands and observe next week PRICE ACTION.
imo
Attachments
Decided to topup LTR today, broke 61.8 fibonacchi but RSI hitting 20 ( lower than June) next gap at 1.21 ?
Today annoucement is solid ( IMO), looking at shortman the short level is not high ( only ~4%),
Not sure what to takes on the fairly bigger volume in these few days. ( triggered stop losses ?)
Also waiting to topup GLN at 99
If you are a long term investor, then a top up at these levels is perfectly fine, however, as a trading opportunity, i aint seeing any signs of a bottom yet.......
4, 8, 21 ema all pointing south........no sign of it flattening out
MACD.........green line still pointing south ( needs to cross the red line )
61 fib ( 139 ) support broken, could potentially drop to the 78 fib ( 116 ) support
MACRO is bearish still.
For me to get excited about a trade with LTR, i need to see the green line cross the red on the MACD and SP to breach the 4 & 8 ema, to start the accumulation phase.
ATM.......TA wise , its still a wait and see for me.
GLN
GLN still in the same boat as LTR...........altho i am noticing that green line on the MACD flattening out a bit and closer to the red signal line.............histogram still negative, need to see postive bars appearing.
Still a wait and see for me.
imo
Largus Averta
Regular
Looking at the WEEKLY chart for AGY, it appears that sub wave 3 up is complete, with sub wave 4 down taking place.
This theory is supported by the MACD, with the green line dropping below the red signal line and histogram displaying a negative bar line, once SP drops below the 21 ema........that will be confirmed.
Looking at the RSI 14, bottom yellow trend line has been broken to the down side, with upper blue trend line displaying divergence........which is bearish.
So if i am right with sub wave 4 down, that wave normally finishes around the 38 fib, or the height of sub wave 1 up, so either 44.97 or 36.4 support lines is my guess.
imo
You may want to have a look at the ROBIN HOOD TECHNICAL ANALYSIS thread, there is a bunch of videos to watch and learn there, the recent video i dropped is what i am adopting on this thread.......
Sorry mateYou may want to have a look at the ROBIN HOOD TECHNICAL ANALYSIS thread, there is a bunch of videos to watch and learn there, the recent video i dropped is what i am adopting on this thread.......
Don't have time to post properly, but noticed ESS had a tail today on huge volume.
Sitting on support
Lol.........880,000 aint HUGE VOLUME, but certainly i have been noticing some "green shoots ", not only with ESS, but the entire lithium sector.
DAILY CHART................ESS
Blue bubbles from the top.
a) Nice inverted hammer candle on the HEIKEN ASHI ( usually formed at the end of a down trend )
b) green line converging with the red signal line on the MACD
c) RSI 14 ..........developing some higher highs / lows coming off OVERSOLD 20
1 HOURLY CHART ESS
Good action on the hourly.
a) 4 & 8 ema cross 21 ema..................Bullish
b) Green line cross the red signal line with histogram positive on the MACD......bullish.
c) Nice trend developing on the RSI 14.
The worm is definitely turning for ESS.
I will throw out a heap more charts on the weekend, PLS, AKE, LTR, GLN, ASN , CRR etc.........all following in the same vein
Have a happy new year PTLAS and hoping you can find some time to collaborate with me on some of these charts from time to time.
imo
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My mistake was looking at options not heads after a 'couple'of Cooper's.
It may be a subtle clue about a trend change though.
Will watch.
Good job I wasn't trading.
Will be posting a lot more on stocks in new year.
@taofufa , @Bin59
PLS
AKE
LTR
GLN
Up until last thursday / friday, all lithium stocks were taking a massive hit after good runs and now the worm is turning up on all lithium stocks too......
All the yellow bubbles on ALL the charts listed above indicate a common theme....
a) Bullish harami candle patterns emerging with HEIKEN ASHI candle displaying wick up.............bullish
b) Green line curling and converging with the red signal line on the MACD...........bullish
c) RSI 14 spiking up from massively over sold positions........bullish
For some reason, COMMSEC IRESS wont allow HOURLY charts on the weekend, but if you refer to ESS chart, the correlation is the same
As a result of this , i have started accumulating LTR, PLS and topping up on GLN...........I havnt gone hard, cause the MACRO is still bearish atm.
I have set tight stop losses ( horizontal yellow lines ) just in case this is a fake out.
I will add to my positions when the swing is confirmed, that is when....
a) SP clear breaks the 8 / 21 ema
b) RSI 14 clear breaks the upper trend line
c) Green line clear breaks the red signal line with histogram being positive on the MACD
imo
