It's a last shake of the tree. Definitely designed to spook some weak hands.
I'm willing to bet that this is the last desperate actions of a short that realises the end of their short party is very close.
A few more trading days and we'll be in the second last month of 2020. Doesn't every analyst believe the lithium market will be in balance in 2021, meaning they are going to need to scurry to close their open short positions very soon?
GXY Price at posting:
$1.28 Sentiment: None Disclosure: Held
