Price has been backing off, and is about to test the MA (50) at 0.166. The MA(50) is rising toward the MA(200), which is what you want to see.
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Depending on how you draw the your support and resistance lines you could interpret it as a bearish rising wedge (around 66% resolve to the downside and 33% to the upside). This is a hold for me at the moment. I like this company, and think they stand to benefit from the increasing prices of, and demand for, Cobalt/Lithium. I’m accepting of the fact that it could, worse case, briefly drop, as per the chart, but in terms of risk/reward, the upside potential is significant.
I would like to wait and see how price reacts at the MA(50), and if that fails, the orange support line, but a turn could occur soon.