LEL 1.39% 36.5¢ lithium energy limited

LEL Chart, page-2

  1. 2,599 Posts.
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    Potentially, pretty significant SP action today with LEL. Breakout above a 6-month Downtrend Line amongst the most obvious(See Daily Chart for more notes). In the very Short_Term we would need further confirmation (consolidation) above the now 69c-67c 1st support band(see 2_Hourly Chart) to be absolutely comfortable. There is the obvious GAP Up created today that provides the 2nd suppt band, however, at this stage I would be surprised if it is filled in the near-term. The day's high was right where initially expected(1st Fib and AP OTL). That level should be re-tested soon and probably broken signaling a move towards the R.1 band min.(shown on the 2_Hourly Chart) but ultimately the mid 90's(next Fib plus DTL of AP shown on Daily).

    See how we go, aye....!

    Daily Chart...

    LEL_RoadMap_010523_Dly.gif

    2_Hourly Chart ...

    LEL_RoadMap_010523_Hrly.gif
 
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