While I did not actually mention a chart, yes the chart is one of the areas I look at when looking to take a position.
The underlying company valuation and future revenue (P1000 for PLS & Downstream with POSCO).
The current Li Spot price (how much is being sold at spot????) is just noise.
I look to play the longer game with a 12 - 18 month time frame to hold, possibly more depending on the cycles.
The BEOT (Big end of town) won't be waiting for a marked uptick in Spot Li pricing to build their positions, and no one is going to raise a flag saying "the bottom is in".
I believe in the electrification process of transport and energy. I will invest with conviction.
While I did not actually mention a chart, yes the chart is one...
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Last
14.5¢ |
Change
-0.005(3.33%) |
Mkt cap ! $405.9M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 15.3¢ | 14.3¢ | $898.0K | 6.090M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 134201 | 14.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.0¢ | 600339 | 12 |
View Market Depth
| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| LRS (ASX) Chart |