Jklat

LIT a brief analysis

Long
ASX:LIT   LITHIUM AUSTRALIA LIMITED
DISCLAMER: This is not investing advice
Long term holder of LIT

As a holder I have found little to no analysis on ASX:LIT on tradeview, so I thought id share a few thoughts and start a discussion about the stock.

ASX:LIT has found a strong support field between 0.110 and 0.120, for the last few months.
Stock has been performing well from a fundamental analysis stand point and just needs a positive catalyst to get things moving.
we usually see some small upside movement at the announcement of positive news however the stock ultimately falls back to its comfort zone between 0.110 and 0.120.
In my opinion we need to see a drop to 0.100 and the confirmation of projects to go forward in the later half of 202, before true growth can occur.
Comment: Now the 0.100 target has been met a strong push through the previous support area (0.110-0.120) is needed before further growth can continue.
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