My 2 cents worth. A lot of the big global indexes are near all time or recent highs / asx included. It feels like either they are going to get smashed back down off resistance or there is the potential of an upside breakout. Imo many are waiting to see the direction of the market before committing.
Most lithium stocks are nowhere near recent highs. If the overall market does get slammed back down, then things will get ugly in the short term for lithium stocks and recent lows will likely get retested.
If the overall market breaks out then I feel that lithium stocks will bounce more than most.
Gltah!
GXY Price at posting:
$2.11 Sentiment: Buy Disclosure: Held