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港股窩輪Jenny
wrote a post · May 14 10:48

Ganfeng Lithium's technical outlook is "neutral", failing to stop the decline. The support at 80 has been broken, with short-term defense looking towards 75.3.

$GANFENGLITHIUM (01772.HK)$
The previous day (13th) closed at 80.000, a single-day drop of 3.96%. The short-term trend has pulled back from the earlier high of 91.200, showing clear weakness. Previously, the stock price had repeatedly risen from around 50 and accelerated upward after April, peaking at 91.200, reflecting a significant improvement in sentiment for lithium battery and resource stocks. However, recently, the stock failed to continue its upward momentum and fell continuously to near 80, indicating that profit-taking at higher levels and short-term selling pressure are increasing.
$GANFENGLITHIUM (01772.HK)$ The previous day (13th) closed at 80.000, a single-day drop of 3.96%. The short-term trend has pulled back from the earlier high of 91.200, showing clear weakness. Previously, the stock price had repeatedly risen from around 50 and accelerated upward after April, peaking at 91.200, reflecting a significant improvement in sentiment for lithium battery and resource stocks. However, recently, the stock failed to continue its upward momentum and fell continuously to near 80, indicating that profit-taking at higher levels and short-term selling pressure are increasing. Ganfeng Lithium (01772) technical signal is "neutral", with an RSI of approximately 54, within the neutral range. Meanwhile, lithium stocks (Ganfeng, $TIANQI LITHIUM (09696.HK)$ ) are in the "profit-taking at highs" phase. Whether Ganfeng can hold above 80 depends not only on its own support but also on observing whether its peer, Tianqi Lithium, will see further declines. If Tianqi stabilizes, it could help limit Ganfeng’s pullback depth. Technically, the previous day's close at 80.000 broke below the 10-day moving average of 84.935 and the 20-day moving average of 82.440, and is now nearing the 30-day moving average of 80.308, which is the key short-term area to watch. Earlier, the ability of the stock price to rise along the short-term moving averages indicated a healthy trend, but now breaking below the 10-day and 20-day lines shows that the upward momentum has been disrupted. If the 80 level and the 30-day line can hold, there is still a chance for the stock price to consolidate at higher levels; if it breaks below 80.308 and fails to hold above 80, the short-term structure will weaken further....
Ganfeng Lithium (01772) technical signal is "neutral", with an RSI of approximately 54, within the neutral range. Meanwhile, lithium stocks (Ganfeng, $TIANQI LITHIUM (09696.HK)$ ) are in the "profit-taking at highs" phase. Whether Ganfeng can hold above 80 depends not only on its own support but also on observing whether its peer, Tianqi Lithium, will see further declines. If Tianqi stabilizes, it could help limit Ganfeng’s pullback depth.
$GANFENGLITHIUM (01772.HK)$ The previous day (13th) closed at 80.000, a single-day drop of 3.96%. The short-term trend has pulled back from the earlier high of 91.200, showing clear weakness. Previously, the stock price had repeatedly risen from around 50 and accelerated upward after April, peaking at 91.200, reflecting a significant improvement in sentiment for lithium battery and resource stocks. However, recently, the stock failed to continue its upward momentum and fell continuously to near 80, indicating that profit-taking at higher levels and short-term selling pressure are increasing. Ganfeng Lithium (01772) technical signal is "neutral", with an RSI of approximately 54, within the neutral range. Meanwhile, lithium stocks (Ganfeng, $TIANQI LITHIUM (09696.HK)$ ) are in the "profit-taking at highs" phase. Whether Ganfeng can hold above 80 depends not only on its own support but also on observing whether its peer, Tianqi Lithium, will see further declines. If Tianqi stabilizes, it could help limit Ganfeng’s pullback depth. Technically, the previous day's close at 80.000 broke below the 10-day moving average of 84.935 and the 20-day moving average of 82.440, and is now nearing the 30-day moving average of 80.308, which is the key short-term area to watch. Earlier, the ability of the stock price to rise along the short-term moving averages indicated a healthy trend, but now breaking below the 10-day and 20-day lines shows that the upward momentum has been disrupted. If the 80 level and the 30-day line can hold, there is still a chance for the stock price to consolidate at higher levels; if it breaks below 80.308 and fails to hold above 80, the short-term structure will weaken further....
Technically, the previous day's close at 80.000 broke below the 10-day moving average of 84.935 and the 20-day moving average of 82.440, and is now nearing the 30-day moving average of 80.308, which is the key short-term area to watch. Earlier, the ability of the stock price to rise along the short-term moving averages indicated a healthy trend, but now breaking below the 10-day and 20-day lines shows that the upward momentum has been disrupted. If the 80 level and the 30-day line can hold, there is still a chance for the stock price to consolidate at higher levels; if it breaks below 80.308 and fails to hold above 80, the short-term structure will weaken further.
In terms of the Bollinger Bands, the middle band is at 82.440, the upper band at **, and the lower band at 75.345. The current price has dropped below the middle band, entering a weaker range, with the next important support level being 75.345. If the stock fails to rebound above 82.440 in the short term, it is likely to remain under pressure, with potential support sought around 77.5 or even 75.345.
In terms of trading, the previous session did not see a particularly strong rebound in turnover, indicating that funds have not yet shown significant bargain-hunting activity. For the stock price to regain strength, we need to see an increase in volume during the rebound and move back above 82.440. Otherwise, even if there is a rebound, it might only be a brief pause around the 80 mark.
Regarding investor sentiment, bullish comments still anticipate a major surge in share price, citing sufficient momentum, with some even hoping for a turnaround to positive territory tomorrow. This reflects that some investors still believe Ganfeng Lithium is merely consolidating at higher levels rather than showing weakening trends. However, from a technical perspective, the current priority is to repair the breach below the midpoint and short-term moving averages, which cannot solely rely on expectations of a large rally.
Bearish comments are focused on phrases such as 'too weak,' 'each wave lower than the last,' and 'the trend is over.' These views are somewhat related to the breach of multiple short-term moving averages in the previous session. Particularly, after the share price retreated from 91.200, if the highs of subsequent rebounds continue to decline, the market will start worrying that the uptrend has ended. At this stage, although it may not be possible to definitively say the trend is over, the short-term weakening is more evident.
Cautious comments mentioned 77.5, cutting losses if no V-shaped recovery occurred last session, and suspicions of holding counterfeit shares, reflecting waning confidence among shareholders. The 77.5 level is close to the front part of the lower support zone, and if 80 fails to hold, the market will naturally shift focus towards the 77.5 to 75.345 range. This also shows that 80 is not just an ordinary price level but a short-term psychological line of defense.
In terms of short-term risk-reward, Ganfeng Lithium's current price is at a support-testing level, but there is no clear confirmation of a rebound. An aggressive strategy would involve observing whether the decline can halt near 80; for a conservative approach, confirmation would require breaking back above 82.440 and stabilizing, to signal short-term recovery. If 80 is breached, there could be further downward tests toward 77.5 and 75.345, at which point bottom-fishing should not be rushed.
Overall, Ganfeng Lithium's short-term trend has shifted from a strong uptrend to a high-level correction, with 80 being the most crucial defense line. Holding above 80 and returning above 82.440 would still indicate consolidation at higher levels; losing 80 could extend the decline to 77.5 and 75.345. At this stage, blindly chasing rebounds is not advisable, and focus should first be placed on whether support holds firm.
Latest update (May 14 morning):
Ganfeng Lithium is currently trading at 77, down approximately 3.62%. This indicates that the stock price has broken below the psychological threshold of 80 and the 30-day moving average (around 80.308), further weakening the short-term structure. Market focus may now shift to the support zone around 77.5 and 75.345 (Bollinger Band lower rail).
Reply to some investors' views:
@西輝: Preparing, fuel sufficient
If 80 holds, there is still potential for a rebound. However, given the current weak momentum, defensive measures should remain in place until the price moves back above 82.440.
@再涨一点我绝对卖: Show some red
If today’s trading can bring the price back above 82.440, short-term sentiment will improve. If it continues to hover below 80, there is risk of testing the 77.5 level.
@牛哥牛妹: Too weak
The breach of multiple short-term moving averages in the previous session does indicate weakness. The key question is whether the 80 level and the area around the 30-day moving average can hold.
Based on the above analysis, the strategies for deployment can be divided into the following main approaches:
$BPGANFE@EC2607A.C (25346.HK)$$HSGANFE@EC2607A.C (25149.HK)$
$UB#GANFERC2609E.C (62577.HK)$
$GANFENGLITHIUM (01772.HK)$ The previous day (13th) closed at 80.000, a single-day drop of 3.96%. The short-term trend has pulled back from the earlier high of 91.200, showing clear weakness. Previously, the stock price had repeatedly risen from around 50 and accelerated upward after April, peaking at 91.200, reflecting a significant improvement in sentiment for lithium battery and resource stocks. However, recently, the stock failed to continue its upward momentum and fell continuously to near 80, indicating that profit-taking at higher levels and short-term selling pressure are increasing. Ganfeng Lithium (01772) technical signal is "neutral", with an RSI of approximately 54, within the neutral range. Meanwhile, lithium stocks (Ganfeng, $TIANQI LITHIUM (09696.HK)$ ) are in the "profit-taking at highs" phase. Whether Ganfeng can hold above 80 depends not only on its own support but also on observing whether its peer, Tianqi Lithium, will see further declines. If Tianqi stabilizes, it could help limit Ganfeng’s pullback depth. Technically, the previous day's close at 80.000 broke below the 10-day moving average of 84.935 and the 20-day moving average of 82.440, and is now nearing the 30-day moving average of 80.308, which is the key short-term area to watch. Earlier, the ability of the stock price to rise along the short-term moving averages indicated a healthy trend, but now breaking below the 10-day and 20-day lines shows that the upward momentum has been disrupted. If the 80 level and the 30-day line can hold, there is still a chance for the stock price to consolidate at higher levels; if it breaks below 80.308 and fails to hold above 80, the short-term structure will weaken further....
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Reminder: This article does not constitute any investment advice.
This article is for reference only and does not constitute any investment advice. Market data, opinions, and analysis contained herein may change at any time without prior notice. We are not responsible for any loss or damage caused by reliance on the information in this article. Technical analysis only shows whether certain technical conditions are met; asset performance should be comprehensively evaluated using other sources of information, and trading decisions should not be made solely based on this article. Please note that past performance is not indicative of future results.
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