LLL 0.00% 50.5¢ leo lithium limited

Unfortunately all the above is true in one word, its sentiments...

  1. 636 Posts.
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    Unfortunately all the above is true in one word, its sentiments that are sinking LLL right now.
    Thing is these sentiments are based on perceptions, not reality, even sanctions if they were in place won't affect LLL operation because we sell to the Chinese, not the Western world.
    Look at what sanctions have done to Russia, almons no damage what so ever and in long term funny enough, Russia may even benefit from it.
    Unless I am missing something Leo right now is an unloved stock in a Li downturn trend. Hold tight I say and if there is no fundamental change to the business model, buy more on the dip. Production is just little more than 1 year away.....

    Technically we have just touched 52c at 0.618 Fib level and short term support, it may bounce back up supported by descending (blue trend line) and short term horizontal support level or not....given current sentiments is likely SP will look for long term support levels (red line) which actually is not that far away.
    All imo.


 
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