Chart, page-16037

IMO GXY is still in a consolidation mode.

I still believe it will trade between 85 cents & what now looks to be the $1.30 range after it provided resistance over the last week.

Consolidation periods are important & needed before the next move up or down, especially after a massive move down over the last year or so.

Hopefully after better performance news from Mt C over the next quarter, more news on SDV & what looks to be an improvement in the global Lithium sector as a whole, might change market sentiment in GXY enough to break through the $1.30 zone & higher.

The trendline is still in play for the next few months at least, if that fails the purple consolidation zone may continue for sometime.