TA over FA as usual plus lithium and the overall market taking a hit.
RDT doesn't adhere perfectly to technical levels and usually falls somewhere in between I've noticed. the chart is overall wildly volatile.
I feel we are at the beginning of support
The best technical levels here I think are -
38 - completing a longer-term reverse head and shoulders - where we are right now, volume came in today based on this level
35 - support from the previous high of NOV 2019
31.5 - is the most important level I feel as its true convergence - previous July double bottom, FIB 78.6, and gap-fill price before the acquisition.
Doubt it will get here as the market cap wouldn't justify cash and current resources with ESS buyout as a reference (nothing below current resource) plus it is likely the peg at sister sam is at least twice the size with the last drill result (true width) and none of these factor in Yinnetharra.
But markets be markets so it is entirely possible.
Don't look at your P&L guys. The team is top notch and the drill campaign is through the roof confidence. Just need those results to come through.
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