LIT ETF bullish overnight, up 3.03%
This will help but not overcome the doji in my opinion.
Too much macro political uncertainty in the world means no deals in the next 2-5 weeks in my opinion, and news of a large attack in the north east of DRC could escalate further in coming weeks into what could prove a black swan event
https://www.nytimes.com/2020/10/20/world/africa/congo-jail-attack-prisoners-freed.html
This news above, even though Beni is more than a day away, is likely to mean any off takers and financiers will take a ‘wait and see’ approach to Manono over the next few weeks in my view.
This is now where I’m at and I now don’t think I’ll be re entering until/unless the news on the situation, which has been building for more than a week, reverses significantly.
Was going to re enter in the mid 8s previously but won’t be considering it now due to the risks. Lots of lithium plays that will benefit from the uplift in the sector. Not in lithium atm but in another sector that is doing well.
Best wishes everyone this is probably my last post for a while.
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