Daily Discussion, page-8107

My previous Chart Post noting the Accumulation Channel for RDN between 2.2c to 2.5c level and getting ready to breakout, lining up with the overally Lithium sector finding a bottom with PLS acquiring multiple projects cheaply from struggling smaller players, others starting to shutdown operations due to high costs...all signals of a bottom of a sector but doesn't mean it's a V-Shape bounce.

RDN progressing well, that update of news was much needed to keep momentum going and hopefully further good news comes for approvals.

Link to my Previous Post: https://hotcopper.com.au/posts/75247149/single

Screenshots of them here and followed by today's Chart.

Daily Chart today shows it broke through the 50-MA (yellow line) twice the last two days, closing yesterday above the 50-MA which was the bullish signal for today breaking out further.

Today it breached the 200-MA (white line) which is very bullish as it has not been above the 200-MA since June, but then it was on a downtrend when it breached it downwards, where now it's in a strong uptrend with significant volume.

Next target is 3.9c which is the top of the 50-MA and a previous support/resistance level and after that 5.5c comes into play, previous recent high.

Overally looking very positive and going on strength.

If you still think Charts don't work after looking at my analysis here, then you need to open your mind and educate yourself or put your money in an ETF and go work your 9-5.