Break out upwards or Downwards????

Do we think we will break to the upside or downside and when?

The sideways action keeps it a little interesting. The manipulation seems to be keeping us downwards, with stops at 74 and 75c in play.

For me the next week will see us break to the upside, RSI back higher above price action, the 20 day moving average coming into play.

looking at the Global Lithium index it’s on a tear upwards which should see Lithium stocks continue their run upwards.

It’s an exciting time to be in ASKARI with drilling about to start on another new project and drilling results due on another. We have seen some big runs on lithium stocks of late, WR1 continues its run upwards and to me this proves any price is possible with Askari if results are favourable and as the coke to life.

38million market cap I expect a big rip on pricing very shortly. To what price, first stop $1.10/ $1.20 then it’s anyone’s guess where we head from there.

Share your thoughts on the next move!

Happy Australia Day all, off to have beers!!!!