PSC 6.45% 14.5¢ prospect resources limited

Prospect Resources - Nice Breakout & Buy Signal

  1. 1,927 Posts.
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    The Bollinger Bands contracted nicely last week indicating a breakout was imminent. The Stochastic Momentum also indicated a buy early in the week followed by the MACD lines crossing. The RSI is also looking good. These all point to good medium term outlook - the Arcadia project must be the most misunderstood lithium asset in the world today. This is hard to understand given the resource is possibly the only lithium mine in the world able to supply both Spodumene and Petalite to the Premium Glass and Ceramics markets...
    ICP analysis confirmed spodumene at 6.1% Lithium with less than 0.18% iron. The flotation product achieved 4.5% lithium with less than 0.02% iron
    https://hotcopper.com.au/data/attachments/2383/2383780-e79beccf2049dca12f4ce927f9a12565.jpg
    I'm looking forward to watching this get serious attention soon.
 
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