$MEGA Is Showing Promising Technical's On The Charts As shares of the battery metals company Megawatt Lithium (MEGA:CSE) continue on a breakaway from a year-long bearish trend, there are a few key prices worth keeping an eye on.
Supported by price action on both the recent bearish and the current bullish trend, there have been 4 established key price levels that I’m keeping a close eye on. These are $.155, $.195, $.220, and $.245. Right now shares are seeing a second bound as they retested $.220, however they appear to be seeing a second rebound off of key levels at $.195.
The main thing I’ll be watching for with $MEGA.C is a strong break above $.245 to close the gap up to $.295. This is the price the last bullish trend for $MEGA.C established itself from, and also the last price shares saw consolidation before they continued to fall.
Other fairly trustworthy indicators are also showing strong signs of a solid trend establishment, including the Madrid ribbon, Chris Moody’s slingshot system, as well as the Ichimoku cloud.
$MEGA is currently planning an expansive exploration campaign for REE’s and Uranium and its two Artic Fox and Isbjorn properties in Central Northern Territory. This should provide some strong catalysts for the company’s stocks price action going forward, so it will be worth keeping an eye out for announcements as prices battle their way up.
$MEGA is trading at $.2 and the company’s market cap is currently at $12.87 million.
https://ceo.ca/@newswire/megawatt-exploration-for-rees-uranium-within-central