Charts for COB, page-354

Chart is in a downward spiral that in my opinion won’t reverse until there is an improvement in cobalt price coupled with significant update by the company. In terms of cobalt price macro markets suggesting this could be another year or so from now which seems far too long to hold on for for me.

Although the future should be ok for cobalt the red flag event was management not participating in the recent raise at 0.58, yet instead we have seen some management selling on the way down.

Hopefully the bottom is close for holders although I see a fair amount more downward pressure to the 20s.