While fundamentals obviously drive the mid and long term outcomes, rest assured the BEOT use charts for timing.
If people believe gaps need to be filled then that’s enough to get gaps filled, regardless of whether it has any basis on reality. It’s just human psychology at play.
Wyckoff Theory is again based off human psychology and history.
The thing that is hard to ignore however is that until those big short positions at PLS, LTHM etc. start unwinding I feel they have access to short term information that makes them sure of more bad news, be it Li supply and demand or otherwise.
And yes of course the share price is directly tied to the short term Li price, but that’s the beauty of these markets, they don’t seem to look beyond today.
All just my opinion of course, DYOR.
AKE Price at posting:
$10.69 Sentiment: Hold Disclosure: Held
