$PLL longPiedmont Lithium has been on a tear recently. i would be long here. I would also expect a little bit of digestion around the 16.65 level (+10%), maybe even pulling back a little bit from there. However, if it does break thru the purple resistance line, it should be a quick move to the next resistance zone around 23.90 (+60%) , as there is not much volume activity between the purple line and the blue line. Piedmont Lithium is a low float stock (17.8M) as well as it being highly shorted (almost 19% short). These 2 data points could cause Piedmont Lithium to really take off, as the shorts would have to cover. More info on short squeezes can be found on the internet at websites such as investopedia.
