ASN Breakout Imminent
We all know lithium miners have taken a hit lately with articles published stating oversupply however I tend to disagree.
I see ASN (Anson resources) as one of the junior minors that will soon be one of the worlds richest lithium miners. Based in Utah, Anson resources is due to release their PPM results by the end of January. With historical data indicating the lithium brine to be as dense as 1700ppm if confirmed, there is only one direction this can go.
Anson resources is currently trading in a channel between 0.19 - 0.27 on low volume as share holders take their position prior to the imminent announcement.
I see the share price moving sideways, potentially building a flag pattern before a breakout to test recent highs of 0.31. However, this could all change over the next 24 to 48 hours. DYOR
MilkT
I see ASN (Anson resources) as one of the junior minors that will soon be one of the worlds richest lithium miners. Based in Utah, Anson resources is due to release their PPM results by the end of January. With historical data indicating the lithium brine to be as dense as 1700ppm if confirmed, there is only one direction this can go.
Anson resources is currently trading in a channel between 0.19 - 0.27 on low volume as share holders take their position prior to the imminent announcement.
I see the share price moving sideways, potentially building a flag pattern before a breakout to test recent highs of 0.31. However, this could all change over the next 24 to 48 hours. DYOR
MilkT
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