Lithium Australia NL (ASX:LIT) Is a Perth WA based company that aims to supply ethically and sustainably sourced materials to the battery industry worldwide. LIT has developed disruptive extraction technologies – including its proprietary SiLeach® process – and secured positions in lithium provinces around the globe, including Western Australia and Europe.

2 Scenarios I am looking at.

- Falling Wedge Pattern ( Bullish )
- MACD Bullish
- RSI Trending and above the 50.00
- Price above MA 20
- Volume increasing

I have identifed Bullish targets which are alligning with Previous Highs and Fractal Targets, also running Trend Based Fib Extension over the chart I have identified that Ratio Levels are close to other Bullish Targets mentioned before.

If price was to retest Daily Support and break then I would be looking at the next level of Previous Support.

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