LIT Chart Update : Previous updates were in mid- Dec.'19 and then in early Feb.'20, my last update.
Dec.'19 Chart ... Bullish A.P. and R.H.n S. Pattern. vindicated early Trent change and confirmed bottom.
Then in early Feb.'20 explaining the very likelihood of LIT reaching a min. of 3390 or even 34.10. It actually got to 34.18 B4 "rolling-over".
AND, now in Early Mar.'20 ... a couple of charts to highlight how well Initial Ranges out of a bottom and there Fib Extensions and subsequent retrace levels plus standard FIBs of major ranges have worked very well determining 'targets', supports and resistances since the 41.21 2018H. Particularly note the 0.618%, 1.618% and 4.236% Fibs.
More recently(just last week) see how the 'cluster' of Fib projects provided the near perfect bounce level zone betwx 26.98 to 26.93/82 band(actual low was at 26.95).
So where to from here? Well this 'Lithium Bull 2' is still very much intact and in its infancy.
As long as 26.82 isn't taken our with conviction then I see we should see the 2018H(41.21) ... or just below(40.51 ... 4.236% Fib of orange range) being tested as early as the end of this year or sometime in ~ April 2021. ... Just my Guestimate!
