CXO - Chart Thread, page-13

As @wenty says, it's the volume and VWAP which are important. Big boys are starting to pile in.

This chart shows it was oversold today - check out the Williams%R!



I like to look at a longer time period to get more of a trend view - here's one for the month:



You can see by the Williams%R that it was due a bit of a sell down being overbought according to that indicator. It's hardly surprising considering the volumes bought in the 9c to 10c range last month. Those short term traders have doubled their money.

The Rickshaw Man Doji is slightly on the bearish side, and the 14.5c gap up is a minor worry and may be closed.

I take all this heresy with a pinch of salt when the potential and fundamentals of a company are so strong.

Look what happened to the likes of PLL ($515m MC) and LTR ($750m MC) over the last 12 months.

Barring unforeseen events I expect the upward trend to continue all the way up to production and beyond. We have so much going on, and news flow will be very strong over the coming months. There's no reason we can't be a $300m-$400m MC company by Easter. And based on lithium alone, when producing, to go further up still.

Then factor in the potential of a 1km long gold field ... (ignoring the silver and uranium for now).

My prediction for 2021 - it will make this company, and holders with a sizeable holding, very rich.