Still clearly in an up trend on the weekly chart most likely see this correction phase retest the 20ema as well close the gap at $2.98.
20ema is currently at $2.85.
after both previous corrections you can see the retest of the 20ema followed by a 140/120% gain.
Continuing this pattern would see a share price of around $6.30.
Technical analysis and Fundamental analysis both support a share price of $6.30 as increasing production at current/rising spodumene prices can offer up a market cap of $18 billion.
On the next impulsive wave up with the help of some good announcements currently in the pipeline.
Fundamentally the company and sector is soild it is only current macro issues which allow the perfect opportunity for a healthy correction as we no nothing go's up in a straight line.
Gltah hold tight cheers
[ATTACH] Still clearly in an up trend on the weekly chart most...
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Last
$2.99 |
Change
0.010(0.34%) |
Mkt cap ! $9.000B | |||
| Open | High | Low | Value | Volume |
| $2.93 | $3.01 | $2.89 | $104.7M | 35.12M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 11874 | $2.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.99 | 65336 | 3 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |