CORE LITHIUM LTD

- AUD (-)

- End-of-day data - Australia Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	CXO
ISIN:	AU000000CXO2

CORE LITHIUM LTD - Daily - Technical analysis published on 04/03/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

94%

My opinion

Bullish above 1.183 AUD

My targets

1.587 AUD (+3.37%)

1.798 AUD (+17.15%)

My analysis

CORE LITHIUM LTD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 1.183 AUD. The next resistance located at 1.587 AUD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1.798 AUD. After this resistance, buyers could then target 2.202 AUD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

9.1

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by stevejn23. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The CORE LITHIUM LTD price is 1.535 AUD. The price registered an increase of +11.64% on the session and was between 1.370 AUD and 1.535 AUD. This implies that the price is at +12.04% from its lowest and at 0% from its highest.

1.370

1.535

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Abnormal volumes on CORE LITHIUM LTD were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 20 days

Technical

A technical analysis in Daily of this CORE LITHIUM LTD chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	0.475	0.720	0.920	1.535
Change (%)	-69.06%	-53.09%	-40.07%	-
Change	-1.060	-0.815	-0.615	-
Level	Minor	Major	Major	-

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.260	1.315	1.425	1.480	1.590	1.645	1.755
Camarilla	1.490	1.505	1.520	1.535	1.550	1.565	1.580
Woodie	1.288	1.329	1.453	1.494	1.618	1.659	1.783
Fibonacci	1.315	1.378	1.417	1.480	1.543	1.582	1.645

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.977	1.088	1.312	1.423	1.647	1.758	1.982
Camarilla	1.443	1.474	1.504	1.535	1.566	1.596	1.627
Woodie	1.033	1.116	1.368	1.451	1.703	1.786	2.038
Fibonacci	1.088	1.216	1.295	1.423	1.551	1.630	1.758

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.357	0.568	0.972	1.183	1.587	1.798	2.202
Camarilla	1.206	1.262	1.319	1.375	1.431	1.488	1.544
Woodie	0.453	0.616	1.068	1.231	1.683	1.846	2.298
Fibonacci	0.568	0.803	0.948	1.183	1.418	1.563	1.798

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	80.25
MACD (12,26,9):	0.1350
Directional Movement:	38.798
AROON (14):	92.857
DEMA (21):	1.341
Parabolic SAR (0,02-0,02-0,2):	1.239
Elder Ray (13):	0.205
Super Trend (3,10):	1.181
Zig ZAG (10):	1.535
VORTEX (21):	1.1500
Stochastique (14,3,5):	92.93
TEMA (21):	1.403
Williams %R (14):	0.00
Chande Momentum Oscillator (20):	0.520
Repulse (5,40,3):	17.9220
ROCnROLL:	1
TRIX (15,9):	1.6650
Courbe Coppock:	65.82

MA7:	1.305
MA20:	1.142
MA50:	0.939
MA100:	0.771
MAexp7:	1.332
MAexp20:	1.174
MAexp50:	0.990
MAexp100:	0.828
Price / MA7:	+17.62%
Price / MA20:	+34.41%
Price / MA50:	+63.47%
Price / MA100:	+99.09%
Price / MAexp7:	+15.24%
Price / MAexp20:	+30.75%
Price / MAexp50:	+55.05%
Price / MAexp100:	+85.39%

Quotes : - End-of-day data - Australia Stocks

News

The last news published on CORE LITHIUM LTD at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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