However on the other hand .... the charts for all Lithium' sector back in Jan/Feb. the daily & weekly charts were definately overbought
8 months of retrace & wannabe Lithium 'Explorers' S/P will continue to bump along the bottom often below their 50 day averages .
the next Lithium 'boom' (probably starting now or soon depends on U.S. markets)... ONLY the producers or near term producers will get smart money(instos) support based on efficiency, cash positive, etc.... this year of ,mergers, joint ventures , consolidations...& funding for stage 2 will increase production..from the bigger producers...leaving 'explorers' behind.
A 40 AMAL has perfectly timed this merger to consolidate and fine tune operations.
A40 Price at posting:
26.0¢ Sentiment: Buy Disclosure: Held