Sparrowhawk12
Regular
Hi Beisha. Seems we rose on a "leakey" curve today? Small consolation for me - last week's 2K of @ 29c averaged me down to just below $1. I'm keeping the faith. $2 in 2025. Br Sparrowhawk12
GLN CHART THREAD
- Thread starter BEISHA
- Start date
Enjoy the ride to 55 resistance ....
I topped up at 35..........bargain!
GLN just need to sort finance and its derisked, construction going nicely, i am looking forward to production and beyond.
Fark me , that last post didnt age too well did it ?View attachment 58284
Enjoy the ride to 55 resistance ....
I topped up at 35..........bargain!
GLN just need to sort finance and its derisked, construction going nicely, i am looking forward to production and beyond.
GLN got as low as 8.6c when the lithium cycle was at its lowest, but has since made a nice recovery, with li spot on the rise after 3 years of hell, 15.5 / 16.5c wall is the current challenge to over come, what FA will give GLN the kick over that hump ?
@taofufa .......got any ideas ?
Is production still on next year you think ?
Maybe i found my answer, its been a bottom draw stock for so long, havnt paid much attention until recently.
So in less than a year, GLN could be producing , look forward to that.
I dont know man, no doubt they reject the TO as JP has partiticaping for all these CR but the endless CR is really diluting substantially for current share holder, honestly I put it at the bottom draw(same with SYA (shitshow)) and rather spend my time on major producer like PLs and LTR.
To add, I do respect for JP commitment tho
I reckon JP has done a good job steering the ship thru extremely challenging times and now the GLN chart is looking the best it has for a looong time , can price kick on and bust the strong 16.5 resistance for good ?
Its neck is poking out currently.......
If it can pull away , very little resistance to 29c.
imo
Well its been a while since my last chart for GLN, back in August i was hoping it was going to clear break 16.5c, but it failed once again, but.....
Its having another crack and looking good once again.
Hourly chart looking a bit toppy tho, so a minor back test to 17c could be on the cards which i dont have a problem with as long as 17c acts as support not resistance, if that can be achieved, then thats a good platform for the next leg up to 30c.
Here is hoping, its been a long hold, but maybe some nice fruit isnt too far away, in 7 months time GLN could be a producer and we know that it will print money as the argentinian brine is very high grade and low impurities.
imo
Well my previous post suggesting a possible push back to 17c never eventuated, just kept powering up, so happy days but i have sold out now, lithium sector is correcting and my thoughts are that GLN could drift to 27c support / 50 fib , which would be a great re entry or top up should it get there.
imo
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