Futures were up the other day aswell (strongly up), and all lithium stocks had a brief rally for 1 day. This was followed by a continued decline the following day
I wouldn't trust the futures market alone (especially if it's just a one day rally, because chances are the next day it'll be down again)
Spot price is still in a downtrend and has been going down daily for quite some time:
https://www.metal.com/Lithium
Id want to see the spot price bottoming out / decline to stop, before becoming optimistic.
An increase in the spot price would be super bullish to signal a turn in sentiment. Unfortunately I don't see this happening anytime soon. I continue to monitor the space
This applies to all lithium stocks and not just LTR specifically
Futures were up the other day aswell (strongly up), and all...
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Last
78.5¢ |
Change
0.060(8.28%) |
Mkt cap ! $1.903B | |||
| Open | High | Low | Value | Volume |
| 76.5¢ | 79.5¢ | 74.5¢ | $19.01M | 24.50M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 46043 | 78.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 79.0¢ | 62337 | 7 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| LTR (ASX) Chart |