There is a possible head and shoulders (H/S) pattern playing out.
Right shoulder is in formation.
Generally a bearish sign if the neckline (currently around 88-90 cents) is broken. The target downside would be the green vertical lines (i.e. distance of head to neckline), so roughly 55 cents.
Make what you will of charts and TA. Hard to make a call on this one until that neckline is or isn't broken, but hard to believe it will drop that much given the fundamentals and lithium sector at the moment.
There is a possible head and shoulders (H/S) pattern playing...
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$3.05 |
Change
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Mkt cap ! $9.185B | |||
| Open | High | Low | Value | Volume |
| $3.13 | $3.15 | $3.02 | $74.55M | 24.33M |
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| No. | Vol. | Price($) |
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| 4 | 89482 | $3.04 |
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| Price($) | Vol. | No. |
|---|---|---|
| $3.05 | 37502 | 3 |
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