2021 Charts, page-3408

Retraces always happen it's a natural way of life -- ying and yang. I don't think anyone has harped on more about retraces more than me. If you don't think retraces don't happen i.e. up and up for an infinite time you're an arrogant tool. Bit of a truth bomb, many of you here denied a retrace would happen. Anyway, don't fret -- it's healthy.

The fib retracement values give a good indication of what it could go to.



I personally think:
25% chance 29.5c (38% retrace)
50% chance 27.5c (50% retrace)
25% chance 25c (62% retrace)

really, what ends up happening will be because of the wider lithium market of course and not AGY specific

Cool, so lets look at the wider market -- a good ol' ETF can help with this
lets have a look at the global x lithium etf



There appears to be a bit of a consolidation triangle going on here.
With triangles there is no clear trend, it can either break out and continue up, or break out and go down.

I think this is providing the larger market with a bit of uncertainty and thus the market has decided to largely exit and pocket a 100%+ gain in the last month.

When the ETF decides to tell us which way it's going to go, a think a lot of the money will return back in if the ETF suggests it's all going to go up again.

Looking at the fundamentals, lithium is forecasted to have very very high pricing until 2024/2025 when supply should catch up to demand a little bit, incentivised by the high lithium prices at the present day.

This is a long time to enjoy hightened prices, and not to mention 10,000 tonne approvals from Argentina and a funding contract that appears its all ready to go, just waiting on approvals.

I think we're all sitting in a comfy position. cheers.