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.
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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.
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.