Technical, page-600

From a daily chart perspective, we are knocking on the upper parameters of this rising wedge pattern. This would bode very well if we can have a breakout to the upside and hold. This move has the potential to be extremely powerful and decisive. However, I do note that the chart is overbought, suggesting that a breakout maybe followed by a period of consolidation, using the resistance of the current upper channel as an area of support.




I also felt it was noteworthy to bring attention to the weekly chart, which has developed a rising wedge pattern, similar to the daily chart. This formation has been in place for a number of weeks and is such a respected pattern, that a decisive break could send the SP Parabolic.




Finally, for those interested i was reading an article on the under investment in RE materials & processing. With the subsequent price rise that we have enjoyed in recent weeks as the markets becomes greater informed, I can't help thinking of the importance of the Mt.Weld geological interpretation report which is expected to be prepared and updated by December 2021. GLTA

https://unauthorised investment advice/resources/rare-earths-prices-are-at-decade-highs-so-wheres-the-new-supply/