The bottom can't be too far away, hopefully there's a bounce off that trendline dating back to 2016. The histogram bars on the MACD are getting shorter, meaning the lines of the moving averages are getting closer. When/if they cross it's a buy signal. RSI is at 38, anything under 30 is considered oversold.
Keep in mind that some cell manufacturers are moving towards LFP batteries, which means they don't use nickel. I suspect the Faraday deposit has more chance of getting off the ground than any nickel deposit at Mt Edwards.
The lithium price might be at the bottom or very close to it, because it's back at the same levels before the last boom period in 2021. Usually, areas of previous resistance become support.
I believe WIN can be very versatile, they can aim for which ever commodity recovers first. Long term holders have got a lot of hard work ahead when it comes to their buy in averages. If you catch my drift.
It's not exactly WIN's fault the lithium & nickel price has collapsed. There's a supply glut and the current producers are struggling to sell their deposits. So how is WIN supposed to sell theirs?
INSG forecasts a third consecutive year of nickel surplus | Reuters
