It's becoming more and more obvious how little producers there are of Rare Earths outside China (there are only 2: Lynas and Mp Materials) - Expect many good exploration projects to gain momentum over the coming years as $ is thrown at them in the rush to get them operational and producing.
Text me if you have any questions/comments for me.
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ASM
- Previous written analysis was done on 13 Sep -> suggested waiting for a successful rebound before plotting entry
- Since then, the stock has had a weak test of 10.00 levels and is already a Structure Break in my books
- Today’s price action with above average volume is interesting but still hasn’t...
ASM
- Previous written analysis was done on 7 Sep -> suggested waiting for next rebound wave before plotting entry
- Today’s retracement has broken through the short-term support and has also created a new Lower Low (LL) -> not good
- If there is an immediate rebound to create a new Higher High (HH), the stock is still in good condition
- Any further drop to...
I bought and held this late last year but got shaken out of the trade and so it has been off my radar for a while.
Big move today and has been steadily making ground but still a sub $10 stock.
If it pulls back or consolidates I'll have another look. Could be a good one to put in a drawer and forget about for a couple of years.
My previous post on it:
ASM looks like it will push back up to December ATH. Good volume coming in and lots of positive momentum. Looking for a minor pullback from current price for an entry.
It seems that Aussie rare earth miners are getting a bit of a workout lately. Relative newcomer to the ASX, but has been busy with the announcements. Could be worth a watch.
