Today would have been a great recovery if price could have maintained that early momentum at such KEY level. A green bar bullish would suggest it was highly likely a stop raid. A inverted pin bar also suggest a reversal possibility as opposed to a hanging man from a swing high (reversal).
Since this stock is a bet on the LIB uptake in the future, I am watching LIT etf and it is actually not looking as great as I had hope for. Monday's price held over that circa $36 level but could not push up yesterday. I wonder if the major Li stocks are an indication what what to expect in the short to medium term afterall it had a great rally since late 2016. Maybe just taking a pause to distribute for the next move up?
CLQ Price at posting:
$1.14 Sentiment: Buy Disclosure: Held
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