smart money couldn’t contain the excitement at 20.5c this morning so it broke through to 21.5c but nonetheless they’re not ready for the consolidation to be over yet so they sold to all the people in the 20’s and are now buying at the lower bracket 17-17.5 from those spooked retail investors. Meanwhile smart money is laughing. Relax guys, I’ve posted the chart 100 times it’s all within the consolidation bracket.
Lower bracket - 17c
Upper bracket 20.5c
When the price approaches the upper bracket they sell. When the price hits the lower bracket they buy. Once the upper resistance bracket gives them enough room for a big sky rocket up then they’ll take it.
If it hits 16c then maybe I’ll be a little bummed, otherwise it’s all systems go.
lithium spot price should receive its daily update literally any minute now. Dutchman will probs upload for y’all as he usually does. If our share price literally hit 1c today I wouldn’t care. It’s the underlying lithium price that dictates our true fair company valuation not the market makers; and guess what lithium price is going up.
