PoPnoStyle

Orocobre getting to a trend line

Long
PoPnoStyle Updated   
FWB:3O1   None
Lithium reached an all time high of 156.80 in January of 2018 and a record low of 62.79 in February of 2016.
The Price as recovered at one point it was down from its highs by almost 15%

Price Day Weekly Monthly Yearly Date
Lithium 139.07 1.17 0.85% 0.05% -5.07% 42.01% Feb/22

Comment:
Trend line broken
Lithium price started brightly , but then hit hard towards the end of the week. as rumors of over supply in the market persisted.
Orocobre: Half Year Financial Results WEBCAST (25-02) was very positive. although i detected a small annoyance in the voice of the shareholder who asked about dividends.
Price Day Weekly Monthly Yearly Date
Lithium 129.22 0.71 -0.55% -7.08% -6.25% 31.59% Mar/02
the price is very close/on its long term trend line.
If liquidity is leaving the market? the dollar strengthening, and rumors persists, the price could fall much further.

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