US indexes collapsing lower overnight due to an acceleration in interest rates higher.
I mentioned on the forums a couple days ago on these forums that I thought it was a good idea to think about taking profits into the expected news event after a 2.5x in 16days (this is not normal) on GT1. I'm now seeing more and more signs the top is in for the lithium sector in general,including GT1.
Warning sign 1) Parabolic advance
Warning 2) Bearish engulfing reversal candle. 61.8% retracement is around 60c, although often they can retrace more than that.
Similar reversal patterns in other lithiums stocks in the sector
GT1 ran into news - SELL the news is never a great sign
What are everyone's thoughts?
I understand this won't be a popular opinion
