The selling volume should be a warning at this point, it certainly isn't bullish. If you're looking for capitulation selling, this isn't it, that will be when the stock is massively extended to the downside, not when it's just beginning to breakdown from the stage 3 top. Breaking down on big volume is nasty, imo this will go much much lower.
The bear market in lithium began in April 2022 when the first wave of leaders(LKE, CXO, SYA, NMT, AZL etc) topped but much like the general market which really began the bear in Feb 2021, to quote Livermore, the bear market began before the bull market ended. So there were all these new explorers that got big runs and then over the past few months the last of them got pumped as brokers unloaded the last of their lithium trash. It'll be a long winter in lithium to come
Ann: Globally significant MRE of 59MT at Adina Lithium Project, page-762
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Last
50.5¢ |
Change
-0.020(3.81%) |
Mkt cap ! $111.8M | |||
| Open | High | Low | Value | Volume |
| 51.5¢ | 52.0¢ | 49.0¢ | $511.5K | 1.015M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 15000 | 50.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.5¢ | 16174 | 1 |
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| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| WR1 (ASX) Chart |