RE: RE: Just a little TAMy post stated I was discussing the weekly chart which shows RSI at 63 and when the stock hit $1.04 in January, it hit just under 90.
Well there is news coming. The NI report in September which from the way the stock was being bought at the ask today, tells me it is not too far off and is pretty damn good.
We then have James West this Friday on BNN who will certainly talk...no brag about his pick efg.
So...two events that will have a very positive impact on this play.
So throw out the daily charts for now...and that is quite the statement coming from me.
Right now, I am just looking at the resistance levels of which .42 is one and then .52, .62 and then $1.04
I suspect this gaps above the .42 tomorrow am, unless we wake up and they say gold and silver is out of favour and no one needs lithium anymore.
If .42 holds, it will be a quick ride to .52 and then .62 as we get closer to the NI report and James West, and if the report is a reflection of what they have been posting in releases so far, as some like to say...KABOOOM.
Happy Trading all,
Mediascan
My stocks: efg, ear, ntr, cuu, bhv