If it behaves as I expect, I think the current rise will diminish/stall over the next 2-3 weeks but that will likely be followed with another push higher around early mid August when more definitive results on their recent evaporative testing will be announced
I expect the August results to be positive with another price spike (from the retracement price), but then I expect an extended period of retracement pending further announcements on the longer term production potential … (extended because its time to potential production is still a way off and the market is impulsive and will become “bored”)
If the price action follows this pattern, this will be accumulation time for a longer term trade … not everyone’s cup of tea, but for me, that is my favourite Spec trade setup
