Sav seems to repeating a pattern from July 16th 2016 .
1. Price resistance at 0.786
2. Consolidation above 0.618
If the pattern is playing out then we should get a breakout soon but find resistance at 8/1 Gann. Next major impulsive wave is January 2023. If this impulsive wave does happen January 2023 to the upside targets would range from 9-24.
Lithium at the moment is out of fashion but SAV is in a good place for next H2 with Feasability study to come.
Please keep an eye on cash level as they mention they had enough till Q2 so unsure if they will ever raise before the feasability study.
Amazing support at 4.62p so I would think it will hold this level, in case it doesn't don't hold & best to walk away &...
Looking for 7.66p where the 200ma might possibly cross as well.
There is a chance of this level to hold due to previous support as well but it lost the 50ma which makes me think we could see 7.66p at some point.
they previously did a placing at 9p which is something to think about.
Weekly chart shows a Demark sequential 9 bar print buy setup. Also prints off descending trendline and test of breakout. Tallies with fundamental global reflation narrative supportive of commodities. Expect this share to double from here. Target 9.3p then 12p on Fib projections from monthly chart.
