The main thing is here, you need to take the emotion out of the stock and focus on the fundamentals of the stock. If you are a day or a weekly swing trader then yes, maybe you should be looking closely.
However, for the long term swing traders and holders well, this stock is still set to rise, On the Rising Star resources webinar yesterday it was said that Spod prices are generally a few months in delay compared to Lithium Carbonate. Giving Lithium carbonate is rising we should expect this to follow. Dont forget Chinese New Year is coming closer. Once the festive season for this finishes the Lithium prices should start to surge once again.
March Quarter Sales are predicted to be more than the previous quarter and at a higher price. This should sent the price well up. It was said the market has bottomed and is on the way back
Chinese Lithium companies last night and so did some US Lithium companies too.
Both LIT Etf and REMX Etf went up decently last night too.
A bit of patience and this will turn out ok!
GLTAH
Good News & Bad News, page-10311
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Last
$3.16 |
Change
0.170(5.69%) |
Mkt cap ! $9.515B | |||
| Open | High | Low | Value | Volume |
| $3.10 | $3.20 | $3.05 | $117.6M | 37.50M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 72180 | $3.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.17 | 222212 | 12 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| PLS (ASX) Chart |