Miners across the board are getting smashed at the moment, and Lithium charts were hit as a group with a variety of ugly reversal bars on the 5th April. I've included a comparison chart of some of the Lithiums I pay attention to just to show the tight correlation, despite being in different stages on the chart and development.
Below is a daily chart which shows the consolidation since September, some major S&R levels and some Wyckoff markups. It's always tricky trying to read whether it's re-accumulation or distribution while price movements unfold, but I was convinced we were in a Phase D upward trend within the trading range after price broke up through the top of the descending channel or supply line. There had been some bullish divergence and a nice test of major support prior to breaking up, but demand did not follow through and price has since fallen too far since the 4th April top to consider it a back up to the creek type of test, so I guess price wasn't ready for the Phase E markup yet - or was ready but got side-swiped along with the rest of the industry and now has to re-set with some more Phase C testing. Or worse case a Phase D downtrend has already started.
LTR is hitting the volatility extremes that usually mean it needs a breather and my momentum oscillator is hitting oversold territory. It's still trading above the lower bounds of a consolidation trading range where support has been found previously at some very clear levels, so any positive change to market sentiment while price is at these levels could potentially see a decent bounce. So some interesting action coming up - good luck all!
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Last
$1.12 |
Change
0.000(0.00%) |
Mkt cap ! $2.715B |
Open | High | Low | Value | Volume |
$1.12 | $1.15 | $1.11 | $6.437M | 5.716M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 110090 | $1.12 |
Sellers (Offers)
Price($) | Vol. | No. |
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$1.13 | 7995 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 110090 | 1.120 |
5 | 200430 | 1.115 |
5 | 220390 | 1.110 |
5 | 139000 | 1.105 |
18 | 148746 | 1.100 |
Price($) | Vol. | No. |
---|---|---|
1.125 | 7995 | 1 |
1.130 | 20002 | 1 |
1.135 | 44400 | 3 |
1.140 | 53569 | 4 |
1.145 | 62127 | 5 |
Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
$1.12 |
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Change
0.000 ( 0.69 %) |
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Open | High | Low | Volume | ||
$1.13 | $1.15 | $1.11 | 1451015 | ||
Last updated 15.59pm 26/04/2024 ? |
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