- The stock price has broken a downtrend resistance - Showing slight increase in volume - 9 day MA has passed the 40 day MA TP1 is $0.125, and TP2 is set just below the previous high at $0.15, with the stop loss set below fairly strong support.
Massive 70% drop on Lithium explorer Infinity last week on news that one of its investigation licenses had been cancelled. Stock has started to recover today on news that they will be appealing the decision. Might be worth a look for the brave.
I heard about INF on a YouTube video comparing ASX listed battery stocks with an overseas presence and Infinity was one of those mentioned especially as it was a hard rock resource. Might be worth having a look. From their home page: Infinity Lithium Corporation is an Australian listed minerals company who is seeking to develop its 75% owned San Jose Lithium...
The current trend has broken the pattern and a bullish trend seems to emerge.