E3 Lithium Ltd. V.ETL

From a technical perspective

[AuAgLi8]

- E3 needs to churn through  a few million shares around $2.40 before it breaks out of this resistance level which previously offered support.
-From a substance point of view I can not find anything more undervalued at its present risk level.
-Chris and Team continue to derisk.
-Standard Lithium goes up $76 million to  $1.8 Billion Canadian market cap, E3 maintains $128 million market cap.
- DYOc

[Bookworm28]

I was thinking the same thing with regards to support at $2.40. The float is so small that if we get some bullish news on the lab-pilot the Sellers might let this thing settle in at a higher price on lower volume. It will be interesting to see what kind of news comes from the lab-pilot in the next couple of weeks.

[Bookworm28]

Looks like more consolidation around $2.40. Nice to see it average $2.43 today, and close at $2.47, on a volume of 348,000 shares... 1.96mm shares for the shortened week. Also some half decent bids on the close: Orders Shares Bid Ask Shares Orders 1 5,000 2.45 2.48 3,900 3