Most of the shorts have 15-16 days left to cover, It's pretty stamped down, and this is a popular dog to kick but they need to let it pump back up again before they can make any more coin on it. Hence why there has been a lot of noise of why haven't they shipped.....lithium prices are going down, why haven't they shipped from the usual suspects trying to increase their margins.
So the optimist in me see's a rise on the horizon, but if they have the money and mechanism this could be pushed down to the next support @ 1.68-1.70 so if your in for a quick buck be mindful of that.
Technical's are very very ugly at the moment, but that is true of the sector.
GLTAH and also this is just my view, do your own damn research.
Most of the shorts have 15-16 days left to cover, It's pretty...
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