CXO - Chart Thread, page-824

Nineth out of ten times I would have gone with acouch analysis, a dominant candle followed by the retracement of the 50% a Fibonnacci ratio. (Elliott Waves) I rechecked previous patterns and I analysed the close yesterday. It was a strong close yesterday which could be an indication of unfinished business. Lithium companies are getting bullish in particular LTR which will take longer to commence production and a fair distance from the port. LTR has a good chairman and good backing. LTR share price is still climbing strongly which is also good for us. I checked our shareholders, the majors are the industry biggest players. Spodume price continues to climb, CXO appears to be derisked and looks very undervalued and it is only a personal opinion, we are in for a long and stirring ride. There is also plenty of funds returned to retail investors from the oversubscribed SPP. it does look like retail investors need to compete with institutions to get some shares in the market. This is a case of demand outstripping supply, a good position to be in for holders. Thus I stick my neck out that the current run will continue from yesterday.