For those that saw the complimentary relationship with lithium and graphite, I took a peak at CXO who is a lithium producer. People were worried it was falling like a brick, but looking at the 12 pm snapshot, I note an engulfing bull candle. This suggests their fall has ceased. It appears the complimentary effect applies to RNU too given that there is no news. With regards to RNU, it is not an engulfing bull candle but a nice big white one at the moment. Volume has been limited and scarcity it seems is directing the rise today even in an atmosphere where the ASX is not performing well today. The early potential stopping volume detected by VSA analysis is playing out. This suggests selective positions are being taken up and bears have fled o the woods in selected stocks in case they get more than a foot stuck in a bear trap. The Teddybear's picnic at dinnertime 12 pm has been cancelled. The cap has risen a couple of notches.
RNU Price at posting:
22.8¢ Sentiment: Buy Disclosure: Held
