Im expecting them all to have a technical pullback. 73c is tough to break and it was 19c two weeks ago so the Gap is huge.
Friday may be selling day. Can see this under 50c so I clipped all mine today. The run is too hard too fast. MC irrelevant, there is ALWAYS a shakeout. ALWAYS and I think it could be all the way back to 30s......I know this sounds negative and people will rightfully scream, but MATH says shaekeouts fill the gap and then steady rise. Sharp rises nearly always have sharp pullbacks. The yearly chart shows it clearly. This is going to fall and fall hard.
Money flew out of lithium to play cobalts and that is showing signs of reversing. Be careful. Cobalt price acts as some cushion but the rise is sudden and sharp and 242% in two weeks means a 50% retrace is in play. Like it or not.
GG
Facts
TA-Chart Discussion (ONLY), page-13
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Last
45.5¢ |
Change
0.005(1.11%) |
Mkt cap ! $90.85M | |||
| Open | High | Low | Value | Volume |
| 45.5¢ | 47.5¢ | 45.5¢ | $4.44K | 9.503K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2490 | 45.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 47.5¢ | 3882 | 5 |
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| Last trade - 12.21pm 31/07/2024 (20 minute delay) ? |
| ARL (ASX) Chart |