Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Investopedia
“The relative strength indicator is not as reliable in trending markets as it is in trading ranges. In fact, most traders understand that the signals given by the RSI in strong upward or downward trends often can be false.”
As we know for years we have been in trading ranges.
We are now without a doubt in a trending market. As such the RSI is currently meaningless.
Indeed, the share price is being very very carefully managed by the market makers at the moment. A UT trade of 1 that ends up changing the closing price on an already very low volume day is highly suspect.
They as well as us know news is due imminently.
“Trader Who Made Billions in 2008 Buys Pound Near All-Time Low
Vulpes’ Stephen Diggle says British pound is very cheap now
Diggle says bet wasn’t just opportunistic currency trading”
“A former hedge fund manager who shot to fame for a $2.7 billion volatility trading gain during the global financial crisis is buying the pound on a day when the currency slumped to an all-time low.
Stephen Diggle on Monday used 10% of the assets of a “small fund” to buy sterling to finance investments in the UK”
https://www.bloomberg.com/news/articles/2022-09-26/trader-who-made-billions-in-2008-buys-pound-near-all-time-low