Despite the recent controversy and some private placement shares coming free trading Lithium X (LIX.V) has had an impressive week of trading. LIX shares have risen more than 10% on record weekly volume (more than double the previous record weekly volume):
LIX.V (Daily)
The breakout from the symmetrical triangle targets ~C$1.80.
The fact that LIX was able to digest the private placement profit takers and gain more than 10% thus far this week is impressive. So far LIX has followed a classic bullish technical pattern of rising aggressively on heavy volume and then consolidating/pulling back on light volume. The technical structure for this relatively young stock couldn’t be much more impressive.
Disclaimer
The article is for informational purposes only and is neither a solicitation for the purchase of securities nor an offer of securities. Readers of the article are expressly cautioned to seek the advice of a registered investment advisor and other professional advisors, as applicable, regarding the appropriateness of investing in any securities or any investment strategies, including those discussed above. LIX is a high-risk venture stock and not suitable for most investors. Do your own due diligence and consult a licensed investment advisor prior to making investment decisions. Consult Lithium X Energy Corp. SEDAR profile for important risk disclosures.
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