$LTUM,,,First off, I love lithium plays these days

$LTUM,,,First off, I love lithium plays these days, but haven't looked at this stock, in depth. It appears that $.290 is a good support level although yesterday it dropped below that to $.284 before heading back up. It looks to me that it could go down to $.262 - $.260 for the next level of support (as a reference, pull the chart up and look at the ichimoku cloud. You can look out to the red line going forward from January 11th. That same line shows support on a few dates going backward). Resistance appears to be at $.340 (look at today, yesterday and November 21st, and a couple of dates in mid-December.) Then the next level at $.368 - $.369 (High of November 21st).

If I had a position I would hold, otherwise I might wait to see what happens shortly after tomorrows opening which might give you a decision. I say that because the volume dropped off nearly 1/3 from yesterday. The RSI is slightly tilted down now. Slow Stochastic looks strong. The MacD is strong, however if you look close, it seems as if it is hooking away from the signal line just a bit.

I don't know anything about the Company, the news or any PR's so my opinion is from what I see on the chart.

All of this is in my own opinion. Good luck trading.

'Everything works out in the end,,,If it hasn't worked out,,it's not the end'


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