Well some good action over the last couple of days. Took a day or two longer, but the reverse was on and we're now back above the 200 & 20 EMA. Also good to see a bit of volume (though not as much as I'd like).
Monday will be interesting - for the trend reversal to truly be on, I'd look for a push above the 50 Fib retracement line and a test of our down channel (around the 55-57 levels). Might not get there Monday, but with a bit of volume it should set us up well to push through later in the week. Critical to confirmation of the reversal will be volume....it's been better, but still needs more to convince me the bulls are truly back in charge.
Chart looking constructive, but still broader headwinds on Lithium so we'll have to see how the week plays out. May need a consolidation and a retest of the 200EMA around 48 before we can push up.
GLTAH DYOR
BGS Chart !, page-1390
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