The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Ramping Frg on twitter. In my experience it’s a recipe for price decline. Once price drops they all crawl back under their rock. At which time the best entry presents itself but even then as far as Frg is concerned there is a massive journey ahead with a lot to prove and a lot that can go wrong. High risk high reward for the long term investor.
Aura currently sitting at 3-4% ahead of AEE and the RNS was released before trading on the ASX last night.
Not a single trade today as anyone interested in buying that knows the score is waiting for the 3-4% drop in price. Cant blame them.
If MMs are reading this, you might as well drop the price so that we can get back to business.
Handles don’t extend to the cup base lol
My point is that the price is too high within the cup at present, way to early. It most likely needs to revisit the cup base.
If you’re interested, there is a small inverted cup n handle in play. Cup and handle formed. Measured move to 28p possibly incoming.
Example: https://www.newtraderu.com/wp-content/uploads/2021/01/11-Inverted-Cup-and-Handle-1024x683.png
ALL to consolidate between 35-45, why that price range? I’d be interested to read your justification.
Fundamentals haven’t outdone technicals either. The price has played right by the technicals hence why traders have sold, reaped the rewards and intend to continue doing so by waiting for the right opportunity to buy back.
Personally I won’t be buying in the mid 30s as I’m a firm believer that the cup and handle will play out, in which case I think it’s wise to have a strategy that includes for the price to correct and revisit the cup base, resulting in high 20s low 30s being up for grabs.
Either way this is just my technical view.,I’m still bullish that ALL will do very very well and that those who buy and hold for the duration will do just fine.
The correction isn’t complete yet. The price has risen far too quickly lately. There is a large cup n handle formation in play and the price will inevitably return to the cup curve. Take a look for yourselves at the monthly chart. Price could trade sideways until cup is formed towards the end of the year, but the market will seek to take our money. So expect to be tested! A return to to high 20s low 30s is perfectly plausible and a break of 48p not likely until later in the year, after the cup and handle has played out. Not what people want to hear but if you manage expectations and trade accordingly, you make more money. I expected a rise to 45p but sold at 42p. Decision based on chart technicals.
I’ll be back in lower down if it gets there. If not, I’m happy with my profit and wish those buying in now good luck. The long term investors don’t need luck as we all know where ALL is going long term.
Uranium equities flying! The cameo news is the Catalyst that uranium investors have been waiting for .
Watch AEE let rip on ASX tonight….
If you’re thinking of topping up or buying Aura tomorrow morning might be the time to take the plunge DYOR
Note:
Check out Vanadium price ;)
Boom!!!
If you believe everything you read you will lose a lot of money! Or miss out on good opportunities to make money. Conduct research, come to a conclusion snd stop talking utter shait like a misinformed child!
The price has dropped due to profit taking. Consolidation!
Look at some of 2021s largest lithium risers. LAC for example, a 15-20% drop is nothing!!
Lower trend support here is between 3.5 and 3.6 which will most likely be tagged this week. There will most likely be a fair amount of money waiting there. Mine certainly is and I’ll be going in heavy!
Ignore the uneducated trolls.
Wait and see. Mega bounce off the lower trend incoming!
But after all why should you believe this? DYOR!
Hit my initial target and due to the speed of recent rise and the current margin above the cost curve I’m happy with my profit. Still a long way to go for ALL, so I will definitely buy back when the price returns to the curve. I hope it keeps going higher for you all even if it means I don’t get to buy back. Good luck
Hedge,
Go on trading view or down load the app. It’s free. Switch to detailed chart. Change the view to candles and set chart to weekly or monthly. Go back in time in the chart and look for the peak of the candle wicks. These price levels (candle peaks) are previous resistance. The more times that price has acted as resistance, the more significant it is. Assess over daily, weekly and monthly chart view for a more balanced opinion.
Remember, resistance can become support once surpassed and vice versa. Breaking a significant resistance level is a result but not as significant as closing above resistance at which point one would hope that resistance then acts as support in an up trending stock.
Trust this helps.
65k dummy same price!
Next resistance is 40p... At this rate we will smash through it and the 42, 43 resistance this week. Then that just leaves 47p and the ATH of 48p. Once the ATH is broken we could be in for a parabolic run! although I'd prefer a gradual rise as we are currently experiencing!
Atlantic Lithium is flying, it is frustrating how znwd hasn’t made its way back to the 20s. Must be due to placing shares still being sold. Hopefully the price of lithium is still flying by the time the sellers are done. Hopefully price doesn’t retrace buying placing price and others see the value here at these levels! GL
EV charging roads …. Lithium is the future
https://www.techtimes.com/amp/articles/271478/20220205/michigan-taps-electreon-make-wireless-ev-charging-road-mile-long.htm
WTF is going on here ?
https://uk.finance.yahoo.com/quote/AUEEF?p=AUEEF&.tsrc=fin-srch
Be sure to check AEE price Sunday night
https://twitter.com/sandy64641/status/1489710698884071424?s=21