1) Doji formation 22/1/16 indicating further indecision after then big bearish candle.
2) MACD (3.7.3) looks to be crossing over to the positive
3) Heiken Ashi bars show weakness in the bearish move and possible reversal
4) price has broken out of black line channel but seems to be bound by the green lined symmetrical triangle.
5) Stochastic and on balance volume is strong indicating the same will happen with the share price which has been pushed lower on weak volumes.
6) Fundamentally, shipping and cheque exchange will happen in the remaining 9 days of December along with 150% more profits in lithium price and better profits from a strong and strengthening US Dollar.
2) MACD (3.7.3) looks to be crossing over to the positive
3) Heiken Ashi bars show weakness in the bearish move and possible reversal
4) price has broken out of black line channel but seems to be bound by the green lined symmetrical triangle.
5) Stochastic and on balance volume is strong indicating the same will happen with the share price which has been pushed lower on weak volumes.
6) Fundamentally, shipping and cheque exchange will happen in the remaining 9 days of December along with 150% more profits in lithium price and better profits from a strong and strengthening US Dollar.
Trade active:
note the double doji and double inside bar :)