Chart, page-14507

"I am not impressed by your technical mumbo jumbo. To me the down trend is still in play"


hahahah this is a classic contradiction!!! You talking of a downtrend is indeed referring to the "chart" and therefore technical analysis of sorts!

I don't care for the TA much either, but the reality is that a massive amount of traders and algorithms operate directly from the charts and TA. It therefore is very valid, regardless of what you or I don't like about it!

The key point is that the ETF broke out of a 2 year downtrend, and this WILL be noticed by traders and algos looking for exactly these types of behaviours and responding accordingly.
It sure doesn't guarantee a turnaround, but it shouldn't be ignored, at least for the short term.



"There is a nasty glut in Lithium at the moment which will last into mid next year."

Can you provide anything that supports this view that it will take +8 months to change..?
I recall hearing about 4 months of stockpiles at converters, that usually try to only maintain 2 months worth of stockpiles....
Why 8 months?
Hunch?
Hope?