Are you hoping to mislead me with your prophetic statement: "I have examined these boom/crash scenarios and have found them replicated in individual stocks. Lithium stocks are currently in the down phase after an all mighty boom. it will find a bottom at some time. All the booms large and small have something in common they were heavily overbought."
The rise in lithium stocks happened as a result of media headlines, such as: "forecasts that global demand for lithium will double by 2024", "Global lithium demand to rise 40% between 2023-24","Demand for lithium is expected to rise rapidly in the future, and Australia has a unique opportunity to make the most of it", all in the expectation that the uptake of electric vehicles was to be rapid.
However consumers had a different take on ev's, citing; the cost of an ev compared to their petrol or diesel counterpart, the distance an ev can travel compared to an internal combustion engine can travel on a full tank, and insufficient access to charging points.
And as a result, the investment bank stated " (march 24) the projected surplus for lithium in 2024 remains considerable, and that prices are anticipated to decline by 25% over a 12-month horizon"; the only constant indicator available is new ev sales figures, but alas this is a lagging indicator.
It is misleading not to mention all the factors that influence the lithium shareprice.
It is misleading to make a parallel of lithium stocks to brn. However much investors/traders want this share price to rise swiftly, it is not. It has been a steady increase in line with productivity and partner released outcomes.
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Last
24.5¢ |
Change
-0.005(2.00%) |
Mkt cap ! $454.7M |
Open | High | Low | Value | Volume |
24.5¢ | 25.3¢ | 23.0¢ | $3.389M | 13.79M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 437084 | 24.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
25.0¢ | 35000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 332084 | 0.245 |
21 | 1552654 | 0.240 |
22 | 1160997 | 0.235 |
48 | 1771472 | 0.230 |
22 | 940335 | 0.225 |
Price($) | Vol. | No. |
---|---|---|
0.250 | 35000 | 1 |
0.255 | 437163 | 16 |
0.260 | 652865 | 16 |
0.265 | 265191 | 7 |
0.270 | 841496 | 16 |
Last trade - 16.10pm 30/05/2024 (20 minute delay) ? |
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Last
24.5¢ |
  |
Change
-0.005 ( 3.28 %) |
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Open | High | Low | Volume | ||
24.8¢ | 25.3¢ | 23.0¢ | 5934150 | ||
Last updated 15.59pm 30/05/2024 ? |
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