While its not pleasant sitting through an ABC correction the 62% retrace is not uncommon within an up trend. Typically the 62% Fib retrace is as low as price goes while still maintaining the uptrend ...maybe we`ve seen the double bottom at 10.5c....maybe not!...at this point we need to watch for a confirming move to the upside.. a close above 12.5c would be that move imo.
Ann: Rincon 2,000tpa Li2CO3 Plant Construction & Works Schedule, page-62
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