Daily Discussion, page-6387

Was pulled, they stayed there a bit after being sold into with 143,509 shares at 14:25:36 and then some traded at 4.1c....likely there to try push buyers over 4c and then was pulled before that dump into 4c....not a retailer; they can't react that quickly...broker Bot/Algo in action.

Couldn't break 4.1c this time, which was expected given it's moved up from 2.5c only a few weeks ago.

3.8c is the first level of support and a good level to backest the breakout of the descending triangle, where the first target price from that pattern was 4c which has been achieved.

30min Chart shows MACD has topped out, about to have the death cross down and I expect 3.6c to potentially be back tested before the next big run up if 3.8c doesn't hold as support.

Might not get there if enough AZS holders flood over and with overall market now bullish with the RBA holding rates, Lithium prices moving up.

But traders will also take profits and there will be attempts to keep the price down from brokers coming over from AZS.

Daily Chart is very Bullish, large volume, breakout from descending triangle and breaking 3.8c resistance with volume.

Can see on the Daily how a back test has happened after each big move up since 2.4c, with the only time not doing so being the big breakout from the accumulation zone at the base between 2.4c and 2.7c....there was no need to backtest there as it had soaked and hovered for a long time.

4.3c next level...needs to get through supply from stuck holders who bought at these levels on the way down but should be no issue with positive news and overall sentiment.

Longer term in a few months these prices will be long gone if everthing goes to plan.