LU7 5.26% 1.8¢ lithium universe limited

$1 Party, page-435

  1. 23 Posts.
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    Hi All,

    I have just done some TA on the charts. From mid-October to now, there is a bullish descending wedge forming, where the support is holding strong against the sell pressure. The reason I am saying it is bullish is because the Wedge commences on a mid-October uptrend, as opposed to a downtrend. As the wedge converges, we might see a breakout to $0.024-$0.028, based on the height of the open end of the wedge.

    This is under the assumption that there will be no significant news either overwhelmingly positive or negative. With that being said, I note that there is a gap between $0.008 & $0.009, and I am curious whether this gap will be filled e.g. ESH drops to $0.008. DYOR and this is not financial advice.

    Any comments, thoughts or critiques appreciated

    https://hotcopper.com.au/data/attachments/2787/2787552-2ee5deecdbe5116058b25d08d901d63b.jpg

    Last edited by zzzip101: 07/01/21
 
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