Was waiting for the gap to potentially close at 1.9/2c, but watching it trade live and seeing the intra day charts, it's proven strong support at 2.2c
Gap not going to get closed, which is fine, it's not an issue, not all gaps get closed.
CR is at 2c and it was in the 3c level so that's understandable for the sell down to 2.2 which is close enough to the CR level and a decent entry at these levels 2.2-2.5c
Bounced off 2.2c Friday and today, with today confirming 2.2c as the base support level and that the gap won't be getting closed.
Intra Day chart looking strong, MACD turning up, has formed it's rounded bottom with the over extended curve noting the oversold area.
Support came in this morning with volume and soaking up supply at 2.2-2.3 and pushing to 2.5 and now soaking at 2.4c which is a nice entry level just above the support base.
I was happy to buy multiple parcels between 2.2-2.4 as it's close to the CR level of 2c
Low MC, not overly too many shares, decent cash.
Drilling started today.
Chart looks good. Maybe not for day-traders or very short term traders but for those looking for a lithium project that will give multi-bag returns over the next few weeks/months.
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