Hi all
Just for some context on the chart pullback, in mid-June I asked our very friendly chartists for some advice on where they saw things in the short term. At the time we were around 78c. A couple suggested the charts were pointing to a possible retrace to 65c (at bottom). Well it actually got to 71c then started climbing again, I topped up at 73.5c (thank you chartists!)
Not sure if that is useful but if recent history is anything to go by, if the charts are suggesting a pullback to 80c, perhaps we’ll see it test the 90’s then head up again. Disclaimer: I’m clearly not a chartist! I just go FA research.
But as others note above the sector is pretty hot right now, every financial writer and his dog is writing up about lithium… but then the same thing happened in February didn’t it? So a cool off is always a possibility. I for one won’t be disappointed if we see another dip.
Cheers
mondy
Hi allJust for some context on the chart pullback, in mid-June I...
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