Lithium and off course GXY.ASX

At the current NYSE session NYSE listed LITHIUM ETF “LIT” staged an upside BREAKOUT on this daily timeframe which is a very bullish development. I am at the lookout for a bullish daily pivot with GXY.ASX at current levels where one may unfold over the coming days. I will also cover PLS and KDR next week.

LIT.NYSE chart is courtesy of StockCharts.com

Please double click on the charts to see an enlarged version.

lit01042017

There are lots of prior studies on my GXY.ASX chart which I want to keep. Therefore, I am only zooming in to the latest price action in order not to confuse some readers. I have marked prior CLIMAX and CLIMAX RALLY points as a reference. Dashed short term resistance line in GREEN at 46.5 cents may be the short term key level to watch on the upside. Close above that level may suggest a retest of CLIMAX RALLY ZONE ( initially and perhaps beyond thereafter).

Enjoy your weekend.

gxy01042017

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