...as I tried to warned lithium hodlers, lithium stocks have been smashed and today MIN crashed -20.72% while PLS tumbled to new low of $2, it is going to be a protracted winter hibernation; lithium hodlers continue to be in denial claiming lithium bottom.
...you didn't believe me when I said that EV growth will be at the expense of lithium price growth.
...you'd be better off ridding your lithium stocks to redeploy into physical Gold IMO.
...the white gold it claims it is, is not, there's ample supply of lithium around the world. And China controls its processing into the lithium carbonate/hydroxide needed for the batteries.
...exuberance in the lithium sector has waned considerably and today's MIN and PLS massacre will erode any remaining confidence.
Giant X-mas tree completes at 4.6c, which is another potential -49.5% decline
All time view CXO Stock Price and Chart — ASX:CXO — TradingView
Prediction: Remains to be Achieved [ Low 7.8c , now 9.4c] UPDATED: 16Dec2024 Closing Price: 8.3c
CURRENT UPDATE: 8.7c
Giant X-mas tree completes at 3.1c, which is another potential -22.5% decline
All time view LKE Stock Price and Chart — ASX:LKE — TradingView
Prediction: Close to being Achieved [ Low 3.3c , now 3.5c] UPDATED: 16Dec2024 Closing Price: 4c
CURRENT UPDATE: 3.4c
Giant X-mas tree completes at 0.9c, which is another potential -73.5% decline
All time view SYA Stock Price and Chart — ASX:SYA — TradingView
Prediction: Remains to be Achieved [ Low 2.4c , now 2.7c] UPDATED: 16Dec2024 Closing Price: 2.8c
CURRENT UPDATE: 2.3c
Giant X-mas tree completes at 5.2c, which is another potential -38% decline
All time view AGY Stock Price and Chart — ASX:AGY — TradingView
Prediction: ACHIEVED [Low of 3.3c, current 4.8c] UPDATED: 16Dec2024 Closing Price: 2.8c
CURRENT UPDATE: 2.5c
Giant X-mas tree completes at 0.09c, which is another potential -50% decline
5 year view AZL Stock Price and Chart — ASX:AZL — TradingView
Prediction: Remains to be Achieved [ Low 1.4c , now 1.5c] UPDATED: 16Dec2024 Closing Price: 1.2c
CURRENT UPDATE: 1c
Breach of its X-mas low at 74c, which continued falling another 20c to 54c
5 year view PMT Stock Price and Chart — ASXMT — TradingView
Prediction: ACHIEVED [Low of 42.5c, current 46.5c] UPDATED: 16Dec2024 Closing Price: 30.5c
Prediction Achieved
CURRENT UPDATE: 29c
Significant breach unfolding paves way for Giant X-mas completion at 43.5c for potential -50% downside
All time view LTR Stock Price and Chart — ASX:LTR — TradingView
Prediction: Remains to be Achieved [ Low 73c , now 74c] UPDATED: 16Dec2024 Closing Price: 55c
Getting There!! On Route to 43c and below.
CURRENT UPDATE: 62.5c
After $3.23 support breached, wider X-mas tree unfolding in journey towards $2.10 for a potential -31% downside
5 year view PLS Stock Price and Chart — ASXLS — TradingView
Prediction: Remains to be Achieved [ Low $2.66, now $2.93] UPDATED: 16Dec2024 Closing Price: $2.19
SECOND UPDATE: Prediction Achieved as PLS hit 52 week low of $2.09
CURRENT UPDATE: a new low of $2 breaching $2.10 support
....lithium stocks have already shown giant X-mas tree formations and with remaining few that is in the process of also completing theirs. But despite having fallen significantly, it may be difficult to imagine that it could IMO get a lot worse. The bottom is not in based on macro and based on continued prevailing speculative interests in the sector.
MT — TradingView
