Interesting day today hmmm.... its a fight between buyers and sellers. Buyers want the stock at lower prices and sellers are simply not interested. The candle is supposedly bearish but knowing how tightly this stock is held IMO this is just buyers testing sellers patience. I still have a high conviction of this stock going 0.57c short term when we will see lots of oppie holders offload and bring the price down to 0.47c retracement. Then a slow clime to 0.61c pushed by instos for another oppie conversion set. Once the drill holes deeper then 200m confirm higher deposits of lithium we will sky rocket to about $1.10c then even quicker climb to about $1.47c.
If the sellers do not chicken out we can reach this target a lot sooner. However, this will not be the case so hold tight. It will be a bumpy ride.
Have a great weekend all.
LPI Price at posting:
44.5¢ Sentiment: Buy Disclosure: Held