Lithium X Rallies on Record Volume
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):
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.
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