I traded this ASX name on the OTC at its 3x breakout last year and I've kept my eye on it as it has floated slowly back down to the breakout zone. Notice the patterns in the Relative Strength Index before it broke out, and notice what it is doing now-- easing and curving up. The ASX stock has bounced hard on support, so there is some arbitrage between the OTC and...
Anson has been range trading since the end of last year and with todays announcement of plans for a major increase in planned production capacity of its core asset, the Paradox Lithium Project in Utah, USA it would seem pretty bullish. Could be worth further research.
I've been watching ANSNF coil up in a descending wedge pattern for a few days, until it broke out w/ serious momentum. I'm not one to chase, so here's to hoping the price decides to retest support before breaking out of its larger bull pennant / 3 rising valleys pattern.
Could retest 30c to form Inverse H&S before breakout of falling wedge structure. Could continue its run through the final resistance of falling wedge (Red Line) and commence bull run. Moral of the story: Watch the breakout of the red line.
Another bull pennant appearing on the daily chart. The formation seems ripe for some action (3 month formation + declining volume + constricting bollinger bands). I would rate this setup a 60% chance of success due to the following reasons: • 3 month formation • Flag appearing above the 200ema • Candles at the end of the pennant show positive signs e.g....
We all know lithium miners have taken a hit lately with articles published stating oversupply however I tend to disagree. I see ASN (Anson resources) as one of the junior minors that will soon be one of the worlds richest lithium miners. Based in Utah, Anson resources is due to release their PPM results by the end of January. With historical data indicating the...