Lithium came back into vogue with a bang yesterday as Pilbara (PLS) rallied +11.4% supported strongly by Orocobre (ORE) +5.2%. The technical picture for this volatile stock / sector is bullish at present with our initial target for PLS new highs above $2.50 although surprises are likely to be on the upside i.e. with the trend.
MM is bullish PLS initially looking for 10-15% upside
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