At the upcoming webinar, which I am working on at the moment , we will examine various instruments, one of which will be ASX listed Lithium stocks. Few seats are still remaining, if interested, please send me a reply to this post with your details in order to get updates.
But for now, rather than looking at the ASX listed Lithium miners (mind you, I just looked at GXY chart and not liking it at all) individually, it may be a better served to check out the technical stance of NYSE listed LIT ETF for a broader view. Some ASX listed lithium miners are part of this ETF anyway.
A confirmed top and a bearish count as shown on the chart which is almost met. Bounce from current levels to the zone of $37 can not be rulled out, if we see a bullish pivot formation over night as well as a follow through at the session after that.
Chart is courtesy of StockCharts.com
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