CXO - Core Lithium
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IvoryWolf
US/AUS (Stocks/Options); ASX Traders United
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- 20 February 2023
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An interesting chart formation over the past month and a half, and especially over the past week, presents an intriguing possibility to consider for trading/investing and for the thesis of the July 2025 stock competition entry.
Following a 35% rise in the stock price in one day back on 14th May, as mentioned by @Robbo above, the share price has since formed a sideways channel and now formed a potential 'outside week' over the past week (a week in which the range of trade encompasses the range of the previous week). Swing traders, in particular, love to see these types of patterns since they provide clear entry and exit points for potential trades once certain price points have been reached, as explained in the trade entry attached (see link under chart for further details - also here for easy reference).
Following a 35% rise in the stock price in one day back on 14th May, as mentioned by @Robbo above, the share price has since formed a sideways channel and now formed a potential 'outside week' over the past week (a week in which the range of trade encompasses the range of the previous week). Swing traders, in particular, love to see these types of patterns since they provide clear entry and exit points for potential trades once certain price points have been reached, as explained in the trade entry attached (see link under chart for further details - also here for easy reference).
