...lithium stocks are highly volatile, just like gold stocks, simply because there's abundance of speculative interests in them on ASX.
...this thread has had warned market participants of the winter hibernation afflicting lithium and EV stocks for some time to come, but the 'evangelical faith' in them is stubbornly high.
...you just have to look at ALB chart, it is now just $3 shy of its Feb 24 lows and if the equity markets do not rebound tonight, ALB will most likely break to the downside and could well go under $100.
...look at the All time view of the chart and you can do that a Nordique retracement of the Bell curve Xmas tree formation indicates that the stock could retrace all the way back to its base around $89 or at the extreme $60.
..yes, lithium stocks have a way more to fall. You won't believe me.
