Hi Folks
This sure is a sector in trouble. Since making this post Tuesday evening, further action has played out with the comparison companies on the chart
Yesterday in the Asian markets.
* Tianqi Lith (002466) dropped a further 7.7% to a new 2 1/2 year low.
* Ganfeng (1772) dropped 5.2% to a new 3 1/2 year low
* BYD (1211) dropped 2% to a new one year low.
* CATL (300750) bucked the trend and rose 7.7%, but on the previous day fell 4.3%, so a bounce.
Overnight is the US markets
* Albemarle (ALB, leader of the LIT eft making up 9.6%) dropped 4.6% which is very close to a 3 year low.
Most importantly the LIT eft dropped 2.1% and has reached a low level achieved way back in October 2020.
PLS seems to be out of step with fellow industry players. Why?
Last Thursday, the day after the PLS Dec quarterly report I produced a hand drawn chart overlaying, quarter by quarter, actual $AU shipped revenue against the 3 month Hi-Lo share price.
Very puzzling results which I will show in a separate following post.
DYOR
Cheers Lies.
PLS chart, page-20580
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Last
$3.00 |
Change
0.030(1.01%) |
Mkt cap ! $9.029B | |||
| Open | High | Low | Value | Volume |
| $2.96 | $3.07 | $2.93 | $75.87M | 25.21M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 239340 | $3.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.01 | 16185 | 6 |
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| Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |