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12/08/23
06:37
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Originally posted by MrLong2019:
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Welcome to lithium's newest bear market stock! Now down well over 20% since hitting $2.95 this week. The enormity of the drop means we cannot classify this as a simple correction.For those who don't know what a bear market is, here's a definition: "A bear market is when a market experiences prolonged price declines. It typically describes a condition in which securities prices fall 20% or more from recent highs..." (Source: Invesotopedia) And further: "Bear markets can be cyclical or longer-term. The former lasts for several weeks or a couple of months and the latter can last for several years or even decades." (Source: Invesotopedia) Where to from here? More falls of course, until IMHO the overbought extreme RSI levels normalise: $1.80 should do the trick. GLTAH.
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hahaha weir@&st poster on hot copper with little per wee Kev a very close second.