@airconditioner and
@Thesi were talking about the lithium industry and galaxy, their insights were not wrong - I wonder if they are still holding?
Unfortunately the short-term traders on this forum are more interested in the 3 month price action and need constant reassurance to hold during the down times when in fact the EV industry forecast hasn't changed , and EV battery demand remains above projected values. The only thing that changed was the shorter manipulation that regrettably robbed a lot of folks of their confidence and their holding.
On short-term trading, whats really interesting in this rally is the volume. Average 9m against the expected 3m. As volume increases on the up, the shareholder registry is moving to new investors willing to hold at these levels. Of course, there will be a period of consolidation but even this will be short-lived and meager in comparison to the upward momentum that should continue with more EV headlines / demand.
Whats risky is Tesla and whether it can hold its price bubble, i believe this movement is what is driving a lot of EV industry and we remain at risk from Tesla Price action along with general market over-bought conditions. Hopefully we have headlines from the other manufactures to diversify us from the tesla risk.
