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.
Bullish:
- 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.
Bearish:
If price was to retest Daily Support and break then I would be looking at the next level of Previous Support.
"DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
2 Scenarios I am looking at.
Bullish:
- 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.
Bearish:
If price was to retest Daily Support and break then I would be looking at the next level of Previous Support.
"DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."