IMO
There has been a big buyer trying to accumulate volume. The funny thing is most of the retail holders aren’t selling as they know what’s just around the corner so there isn’t much volume in the market to take up.
Wednesday and Thursday they ran up the price in the morning and sold it down in the afternoon to create bearish daily candles. Then this morning they pushed down to tempt sellers as the uptrend line started to break, still the selling was almost non existent. Well done to holders for holding on. I also think most of the daily volume is the accumulator buying and selling to itself.
AVZ could soon be on track to producing 20% of the worlds lithium supply and 60c will be very cheap once that becomes apparent. Next week is the big one. Will we see the mining license signed off tonight in the government meeting?
IMO There has been a big buyer trying to accumulate volume. The...
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