Unfortunately it looks like a double-top. If it breaches the neckline, then things might get ugly. Similar patterns can be seen on many lithium cos that have had a strong run over December/Jan.
Hard to say what'll happen, as external market forces are the driving price action. Fundamentals for the company haven't changed, so need to really wait and see if this is just a market correction, or full-blown crash.
Broker data over January shows mostly retail buying and instos selling. Selling volume not too bad though, and I suspect most instos would be risk-off anyway..
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $17.17M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $400 | 200K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 76 | 163798594 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 15415101 | 19 |
View Market Depth
| Last trade - 14.49pm 06/08/2024 (20 minute delay) ? |
| LPD (ASX) Chart |