We've now seen a textbook failure of the support line, followed by a failed attempt to maintain the old range. This has seen the old support being tagged as new resistance before a resumption of lower prices.
Unless some really positive news comes along to get this up, I expect to see the development of a new downtrend from here.
Price target: $3.15 - $3.20 by March 2017
The Lithium Ride, page-20
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