Easy compadre...
If you're stressed in a lithium bull run i'd love to see you in a bear :')
Here's your chart:
We've just completed a sequence of waves marked by points 1,2,3 finishing with a 50% retrace to around 14/14.5c for memory.
A new wave has started marked by A.
This wave is relatively new and we need more time for it to play out to get more reliable trend lines going. We have just finished a cup and handle though, so things remain relatively bullish after the handle. We're pretty much on support line 1 at the moment, with another line of support further down below.
As you can see in chart 2 below we simply hit the upper bracket of the bollenger band and had to come back down for a healthy retrace my amego. Prices don't go up in a 1 way fashion, 2 steps forward, 1 step back, 2 steps forward 1 step back.
Overall, learn not to stress, so long as we're progressing towards goals and as an added bonus the lithium spot price keeps going up, i'm a happy camper. This is a lithium bull market, sit back and relax and pick up more where you can.
If you really want to play the in and out game (i prefer not to) wait till stochs are over extended, a bounce off a reliable resistance line has occurred, MACD is starting to trend downwards, and it's outside of the top bollinger band. That itself would give you a solid over 80% chance of a retrace.
Cheers.
AGY Price at posting:
17.0¢ Sentiment: Buy Disclosure: Held
