PLS chart, page-10766

For the sake of civility, I'm not going to start an argument in this thread. However, I would like to point out to any new investors in lithium who may not have been following this market for years, please do research on the market history.

In 2018, Morgan Stanley produced a forecast of a lithium glut, claiming oversupply of a metal that is abundant in the Earth's crust. This caused the price of lithium to crash, which we can see on the charts provided above.

This is one of the reasons PLS started BMX auctions, to prove to the world what the price of lithium really should be. Where is this oversupply today? It never eventuated because it didn't exist. This is why lithium prices are in an uptrend, because the supply isn't there currently. Furthermore, the world has now seen that even though lithium is abundant in the environment, it is not so easily mined.

Goldman Sachs tried the same play this year, and to their credit, it worked... Until PLS hit a new all-time high.

The lithium market and PLS are nothing like they were in 2018. We could be bullied then, not anymore. I'm not saying PLS will forever be in an uptrend, but we have not finished our growth phase. Don't let technical analysis that is applied without the context of fundamentals scare you away. If you assess PLS to not be worth investing in, that is completely fair, but please don't let anyone sway you without doing your own due diligence.