Broken out of downtrend, consolidate then go upNormally it's hard to call bottom on a chart like this as it's relatively new but global lithium index looks like it's bottomed and recovering - which means ASX lithium also follows suit.
We want to see it test resistance a few times around $4.28, break out and close above this level on a Weekly candle, then re-test this level which will be a solid confirmation of beginning of upward trend.
Something else to look for confirmation is shortman.com.au and see PLS shorts decreasing. At the time of writing, PLS is most shorted stock on ASX at 19.43%.
Not a bad time to start loading up on quality lithium stocks.
