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SodaFizz

264 Posts.

27

17/06/16

09:23

Post #: 18053949
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Originally posted by Ravenhaller ↑

1. Overblown Brexit concerns.

2. US market (S&P500 specifically) consistently finding resistance at the 212 mark. MMs keep trying to push through this resistance level, but market not buying into it, thus we find ourselves retracing.

3. A spooked market means daily trade volumes are ultra low. And low volume means our beloved bots can virtually walk the price up or down as they please. Preferential to see it walked down during periods like this, because that means they're accumulating, not dumping.

4. LIT (Lithium Futures Index) is also entering a period of consolidation having been on a white hot rally that began back in Feb.

5. Tesla is currently embroiled in an oil/gas lobby smear campaign, causing share price instability. As the token figureheads of the EV movement, if their price dives (or rallies), it sets a tone for the broader sector.

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Very tacit, logical and comprehensive response, please post more!

GXY Price at posting: 48.5¢ Sentiment: Buy Disclosure: Held
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