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Aussie Lithium stocks

Lithium stocks have been in favour due to the demand for the metal in batteries and the wider application this has for electric cars. Aussie Lithium stocks featured heavily in a trade meeting I participated in yesterday and I thought I’d summarise some of the ones we discussed and that caught my interest but I’ve thrown in a few others as well. My analysis is of a technical nature so do your own due diligence if considering these tickers. 

ORE: Orocobre: price is holding above $5 support but management has disappointed investors and the stock has been heavily shorted. Watch for any revival though and, if so and price can break above the recent High, then I would look at the various major fib extension levels as potential targets:

 

 

 

GXY: Galaxy Resources: as above, watch Fib extension levels if price breaks above the recent High and volume picks back up:

 

 

PLS: Pilbara Minerals: watch for any triangle breakout, volume uptick and close back above the recent High. If so, look for targets using the Fib extensions.

 

 

AJM: Altura Mining: Same here, watch for any trend line breakout and move above the recent High that is underpinned by an uptick with Volume:

 

 

AGY: Argosy Minerals: the 0.50 cent level seems key here so watch for any triangle breakout and close back above this key level, along with any uptick in volume:

 

 

KDR: Kidman ResourcesWatch for any triangle breakout and hold above the $2 level that evolves along with an uptick in volume:

 

 

TAW: Tawana Resources: still lots of recovery potential so watch for any trend line breakout that evolves with an uptick in volume: