I want to add a chart & link to a post by @Freehold from the AVZ thread re: the Li ETF price bouncing back off a downtrend channel & gaining strength.
I know the Li stocks do track the Major ETF prices somewhat though I'm at odds as to why as ORE is the cream of the crop Brine producer, already producing with a great cost margin, as compared to Li Rock projects which may be only nearing or not at production yet.
In fact ORE has traded down 4 consecutively days while the Li ETF prices hv bn pushing higher! Now @5.52 is sitting right back on 200 day MA line. Suspect this is a delayed, held back SP and will easily shoot forward from these levels on mon after these 4 days pullback to the fundamental support line. This should be $6 instead.
