CXO 4.17% 11.5¢ core lithium ltd

There s a very uncanny parallel weekly trading cycle going on...

  1. 14,394 Posts.
    lightbulb Created with Sketch. 7946
    There s a very uncanny parallel weekly trading cycle going on with CXO and LTR....initially I thought they were both just following the Li price or the Li ETF but a closer look shows there's up to 7 months difference between the comparative peaks and troughs.and even an 8 month lag at present ...this looks more like a Fib inspired algorithm has been working the Li stocks..this latest long term 62% Fib retrace we`ve just seen down to 072c is very common, But also note the indicator similarities here..particularly the 9/13/130 ema`s at the moment as well, Bollinger bands etc.  interesting weeks ahead TA wise!. LTR CXO 130 ema .png
    Last edited by W3hunter: 08/04/23
 
watchlist Created with Sketch. Add CXO (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.