GL1 0.00% 21.5¢ global lithium resources limited

GL1 Charts, page-354

  1. 473 Posts.
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    I think GL1 is one of the better positioned for a run once the sentiment turns, but that can change. This will be one of the first I'll be looking to go long on once sentiment turns positive again. If the L and HL at $100.5 and $1.02 respectively hold up the set up will be a ripper IMO. Really long term 1-2, 1-2 set up which should see a very large, sustained uptrend if confirmed. Let's hope they hold and we don't see the price below $1. This would cancel all that hard work that's been done over the past year and a half.

    Definitely not company specific and in fact most are at or near their recent lows and still correcting so GL1 has held up better at this stage. As for concern, I can't say where the price will go in the short term. If overall market sentiment remains negative it will likely drift lower but given the low volume on the sell down. It won't take much for someone to put a floor in once it reaches a certain position. There's an extremely low short position here too, almost nonexistent.


    Last edited by Captain Kiethy: 05/10/23
 
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