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Message: Gap.

Tough day for LAC longs, but we kind of got used to it. No one really anticipated latest run to $19  anyway. So looking at the chart I saw pullback to $16.50sh but hitting below $15 – well… Obviously BOA analyst had something to do with it ( downgrading ALB and other lithium companies) and profit taking also must be a big part.

In a reality we can still test  strong support at $13.50 , SP was there just few weeks ago. We got lucky today and SP bounce of    200MA $14.91 and ended up closing above $15. Maybe it will be nearest support for now , but of cause August 27 will give LAC SP new life, hopefully.

 Things around the world need to settle down  , that would help   Big Guns and Funds concentrate making money  again.

 

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