Current sentiment:
*Goldman Sachs big net sellers, deutsche bank big buyers
*High volume in the sell off from the highs
Signs of a reversal are possible:
* Dragon fly doji showing on the hourly chart (forming into a bullish hammer)
* Dragon fly doji on right on 200ema (past data shows support on 200ema)
* Oversold RSI
Risks:
* moderate - high volume sell off
* Current sentiment on lithium plays, GXY, AJM, KDR are negative
Personally, great prices for a buy, but needs to hold and bounce from here.
*Goldman Sachs big net sellers, deutsche bank big buyers
*High volume in the sell off from the highs
Signs of a reversal are possible:
* Dragon fly doji showing on the hourly chart (forming into a bullish hammer)
* Dragon fly doji on right on 200ema (past data shows support on 200ema)
* Oversold RSI
Risks:
* moderate - high volume sell off
* Current sentiment on lithium plays, GXY, AJM, KDR are negative
Personally, great prices for a buy, but needs to hold and bounce from here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.