WR1 winsome resources limited

WR1 Chart Thread, page-307

  1. 1,464 Posts.
    lightbulb Created with Sketch. 574
    I have actually followed you for a while and despite people shit slinging you have been known to get it right.
    You did call 55c in Jan, which was met by the same response as you will for this call. I will say your call was correct.

    However, your charting has also been very wrong. You called TG6 bear trap at 38c in Dec and now its nearly 50% lower.
    Not trying to have a jab but more giving perspective to new viewers on the forum.

    You have been right and wrong. Chartists love to call their correct calls but are also just as happy to leave out their incorrect calls.
    Disclaimer no one will get it right all the time and I guess thats the point. The chart tells you the right answer until it doesn't

    For me the chart is still respecting the 51-52 resistance, I might add though we are still making lower lows and lower highs on the daily, so it may not be long until this does break. Given todays announcement and the apparently bounce with Ganfeng and Tianqi up nearly 7% today, I am hoping a higher high could be established tomorrow, us needing to close above 57.5c

    For me if this level can hold for the next 2 weeks, it could be a turning point. Li prices seem to have stagnated and are at least not dropping.
    CNY is starting and resupplying will occur straight after. Hopefully giving the Li price a little bump.

    That coupled with, hopefully more consistent announcements and the anticipation of the MRE upgrade.
    It could signal a double bottom and for my liking, I could see a cup and handle pattern playing out from the 2nd of Jan


    Last edited by ForeverNewbie: 06/02/24
 
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