Expecting a test of the 200 SMA on the daily. Volume is increasing and with financing for refinery restart, and cobalt prices back on the upswing First Cobalt looks to have a bright future.
Commentaire:
Price is back within the channel defined since 2018 of approximately $0.10 and $0.13, on the recent news about the $45 million refinery funding from Glencore. Since then price has retested the $0.10 level. If this holds in coming days, I am expecting a test of the 200SMA still.
Cobalt price is still on the up & up, so that could start to create a slight uptrend in the price of FTSSF for the foreseeable future until further positive news.
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Cobalt price is still on the up & up, so that could start to create a slight uptrend in the price of FTSSF for the foreseeable future until further positive news.