For starters that trend line is cherry picked so hard that I've never seen such an invalid analysis.
Problem with using trend lines is, it's so discretionary that a lot of the time the users bias reflects in their analysis to see what they want to see - as in the case of wherever you got that chart from above.
You can see from 2022 each time the price breaks the "trend line", it trades above it for around ~3 months before making new lows. Yes it just broke the most recent down trend line. But if you want to be unbiased, maybe wait 12 months before you start calling a sign of lithium recovery (that statement gets thrown around a lot, it's starting to sound more like hopium than anything).
IMO if a recovery is going to happen, it will be closer to 2030. So this small blip of a single day trading above a trend line, most definitely does not mark the sign of anything apart from regular market movements.
If there's solid trading towards and above $50 for an extended period (2nd image), then I would also say that could be a sign - definitely more so than a single candle breaking a trend line.
IMO GLTA.
WR1 Price at posting:
12.0¢ Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)