From where I sit GL1 broke through the trend line at $1.78. You'd need an immediate turn around tomorrow or it'll be properly broken and invalidated. The next support after that seems to be in the zone between $1.63 - $1.685. Given the amount of selling across most lithium stocks, in particular GL1 and GT1 I would expect it to head down there tomorrow or Monday. Price has broken through the 200 day which happened in both mid and late '22. Both breaks were then followed soon after by recoveries. RSI has just touched 30 so getting into oversold territory - I keep my boundary at 20 to alert when really oversold. Sellers must be reaching exhaustion soon - let's hope so because I'm sure some of us are getting pretty close to that too after the relentless nature of the last couple of weeks.
Good luck out there folks.
Rego
From where I sit GL1 broke through the trend line at $1.78....
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Last
38.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $100.2M | |||
| Open | High | Low | Value | Volume |
| 39.0¢ | 39.5¢ | 38.0¢ | $269.9K | 702K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 24999 | 38.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 39.0¢ | 33159 | 2 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
39.0¢ |
Change
0.000 ( 1.56 %) |
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| Open | High | Low | Volume | ||
| 39.0¢ | 39.5¢ | 38.0¢ | 175046 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| GL1 (ASX) Chart |