Ann: Exploration Update - Kanuka Lithium Production Project, page-139

Hi All,

Been a while since I posted anything here because not much has changed but figured I'd post a little chart which seems to reflect my thoughts on the stock fairly well.

Positives:
Seems to be holding well around the 5's
RSI dipping into oversold.
Not much resistance after 6.5c breaks
Low volume on decreasing RSI

Negatives:
Backtested the long previous term uptrend in early July and didn't make it through.
Looks fairly ugly if we go below the 4.5-4.6 range.
2 resistance lines coinciding around the 6.5c range.

All in all, needs to get into the small green circle first and will need a lot more volume to get into the larger one, where it could run into 11c pretty comfortably.

Hopefully the market likes the drills results.


View attachment 1197444

SF2TH