Your chart is missing half the maret data from CXA, I can tell as some of the candles are different and your trend line is a bit off.
It's already cut through the bottom trend line yesterday and has now dropped under it and also dropped under/sitting right on at 3.1c the upper trend line which was the overall downtrend that it broke from the previous highs.
Back in the accumulation channel but now at the base of it; needs to hold here otherwise a drop back to the mid 2c levels comes in to play.
Strange trading after what should have been the start of a breakout run after two massive volume days and price moving from 3.2 to 3.6c across those days, breaking through the 3.3 resistance, but pushed back down with signficantly low volume.
Lithium markets overnight recovered after that shock, perhaps RDN needs another flush out of traders, CR holders. Seems there's an interested party/parties wanting to push it down whilst another has been trying to take it up.
In the middle of a drill campaign, that breakout with volume should have started the next big run leading into news flow, so it's strange that it's been halted abruptly, not even in a way that results are bad because the volumes would be higher and the selling wouldn't have stopped at 3.1 so suddenly either.
Ideally more sideways trading in the accumulation channel until the next move up with news, but could see a shakeout attempt under 3c just before news.
RDN Price at posting:
3.1¢ Sentiment: Buy Disclosure: Held
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