It's looking very much like we may end the year / start off 2022 with a bang. Volume dwindling, buy / sell queue turning, momentum starting to go with us, newsflow happening.
The symmetrical triangle is very bullish, and keen eyes might make out a flag formed too, another very bullish sign. I'm hoping that double coiled flux capacitor will catapult us into the year 2025 ...
That's the theory at least - some dark arts sites to humour non-believers:
https://school.stockcharts.com/doku.php?id=chart_analysis:chart_patterns:symmetrical_triangle_continuation
http://thepatternsite.com/flags.html
Does this look familiar?
Gives us a 5 month target price of 82c or thereabouts.
That's without factoring anything non lithium related / possible corporate changes in.
Similar pattern to mid September seemingly playing out if you squint your eyes enough:
CXO - Chart Thread, page-1839
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Last
11.5¢ |
Change
-0.005(4.17%) |
Mkt cap ! $246.4M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 12.0¢ | 11.3¢ | $1.220M | 10.57M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 110 | 6252092 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 695532 | 1 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| CXO (ASX) Chart |