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Pure Minerals PM1 (ASX)
Another for all battery lovers. this is a very small cap stock <10m, some positive results have come out.
There is a clear bottoming pattern here and we are in an upward channel, positive divergence has been building on this stock for some time. We have made a first try at breaking out and pulling back now into the channel. there is not much resistance in the chart to the .09 level that is 400% gain. some more accumulation will occur here before breaking out to the next level. you can also refer to my LIT chart which I am using to track the sector.
There is a clear bottoming pattern here and we are in an upward channel, positive divergence has been building on this stock for some time. We have made a first try at breaking out and pulling back now into the channel. there is not much resistance in the chart to the .09 level that is 400% gain. some more accumulation will occur here before breaking out to the next level. you can also refer to my LIT chart which I am using to track the sector.
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