I mentioned many months ago that when AGYs monthly MACD turns to positive we're going to see some buying support as traders software and algorithms point to it as a solid short term trade (which it did go from 1.4c to 2c) a solid 30%+ gain.
Whilst many investment banks / brokers haven't updated their lithium forecast, Citibank have updated theirs recently which points to a 7,000 spot price in the near future, with equilibrium hitting end of 2026 with recovery to be made from there.
Just like when spot price was getting ludicrously high, it's getting ludicrously low. The lower it goes, the more we have to gain later.
Lithium is a "be out, and don't invest here yet - space"
Once it turns to a "yes, this is a bottom, all investment banks turn it to a "buy" that alone sends us to 5-10c.
Cheers
AGY Price at posting:
1.9¢ Sentiment: Buy Disclosure: Held
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