XAO 0.33% 8,214.8 all ordinaries

Short Term Trading Week Starting: 23 Apr, page-46

  1. 4,183 Posts.
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    STTCOMP BGS, TA Long
    Mali based gold/spodumene explorer/developer.
    Market Cap: $121m / Cash: $10m


    Detailed Description/Catalyst
    Looking to break a 3 month, lithium general bear market.
    Tight formation has formed and could pop this week.
    Significant news flow due over the next 6 weeks; new JORC, PFS#2, Randgold royalty deal, aero mag survey, further exploration results.
    Lit Etf and PLS have both recently broken out of this 3 month correction and I'm hoping other Li's can do the same.
    Volume hasn't arrived as yet, but I'm hoping the abovementioned announcements will rectify this.

    Chart:
    23042018b.png

    ***DISCLAIMER: Don’t take as financial advice as I am not qualified/licenced to give it.***
    Also my BGS tipping is horrendous so please don't follow this.

 
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