i didn’t like where it was heading once that uptrend was broken.
particularly ugly when WC8 May monthly closed below 54 … and I could then sadly see it going much lower
I decided to wait until the dust settled
now WC8 looks very oversold …. and a good bounce may be on the cards. It could always get very, very oversold, but my guts tell me a bounce is imminent
Nobody producing hard rock lithium could be making money at current spot prices.
The market lead will come from the big overseas players and commodity price
Ken Brinsden (Patriot) did a good presentation today about sector and outlook for commodity
WC8 Price at posting:
30.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)