Its very obvious that support and resistance lines are being used for buy/sell decisions. What do you see when the purple diagonal line comes into contact with the Sp? or the Yellow horizontals? There is nothing random. Immediately following an IPO there isn't the complications of factoring in longer term support and resistance levels so much, or impediment of trapped long term bulls. There is a lot going on in the chart ,,, more than Ive explained...if you can see it. A visual representation of rational and emotional decision making. Then you have to factor in the macro environment ..that is Lithium sector sentiment, US markets over night, price of lithium, geopolitics, EV news etc etc and then look at the chart to calculate all the competing pressures to predict what the outcome will be. The inputs are dynamic and so are the resultant price pressures. You have to have an open mind to navigate all this
