Tuesday, March 22, 2011

Lithium One


There has been much discussion of later with regard to Lithium. Lithium being a key material in the Lithium Ion batteries we all are becoming more and more dependant upon. Lithium One is a juniour listed on the venture exchnage in Canada. Thought I woukld examine a stock further off the main path. Clearly the price did well in the commodities run-up this past fall. It faltered badly in Februaury and March, but not too badly. the stock has clearly fallen back to the 50% retracement level, RSI and MACD have both turned up, and today the stock price broke out of the support zone it settled into. After these past number of weeks of crisis the previous bullish path looks ready to resume.

0 Comments:

Post a Comment

Subscribe to Post Comments [Atom]

<< Home