Since my last post in mid Feb, it got a lot worse for lithium stocks, especially for the two much loved ones LTR and PLS.
I posted this on 19 Feb 2025
EV/Lithium, 77934666, page-1389 | HotCopper Forum
...as I tried to warned lithium hodlers, lithium stocks have been smashed and today MIN crashed -20.72% while PLS tumbled to new low of $2, it is going to be a protracted winter hibernation; lithium hodlers continue to be in denial claiming lithium bottom.
...you didn't believe me when I said that EV growth will be at the expense of lithium price growth.
...
you'd be better off ridding your lithium stocks to redeploy into physical Gold IMO.
...the white gold it claims it is, is not, there's ample supply of lithium around the world. And China controls its processing into the lithium carbonate/hydroxide needed for the batteries.
...exuberance in the lithium sector has waned considerably and today's MIN and PLS massacre will erode any remaining confidence.
EV/Lithium, 77123235, page-1350 | HotCopper Forum
EV/Lithium, 75432135, page-1036 | HotCopper Forum
My 1st July warning on lithium stocks:
EV/Lithium, 74551647, page-707 | HotCopper Forum
Giant X-mas tree completes at 12.5c, which is another potential -24.5% decline
All time view
GLN Stock Price and Chart — ASX:GLN — TradingView
Prediction:
ACHIEVED [Low of 11.5c, current 13c]
UPDATED: 16Dec2024 Closing Price: 11c
Prediction Achieved
CURRENT UPDATE: 14.5c but soon you would be left with cash and no lithium asset
Giant X-mas tree completes at 4.6c, which is another potential -49.5% decline
All time view
CXO Stock Price and Chart — ASX:CXO — TradingView
Prediction: Remains to be Achieved [ Low 7.8c , now 9.4c]
UPDATED: 16Dec2024 Closing Price: 8.3c
CURRENT UPDATE: 6.9c
Giant X-mas tree completes at 3.1c, which is another potential -22.5% decline
All time view
LKE Stock Price and Chart — ASX:LKE — TradingView
Prediction: Close to being Achieved [ Low 3.3c , now 3.5c]
UPDATED: 16Dec2024 Closing Price: 4c
PREDICTION ACHIEVED
CURRENT UPDATE: 3.1c
Giant X-mas tree completes at 0.9c, which is another potential -73.5% decline
All time view
SYA Stock Price and Chart — ASX:SYA — TradingView
Prediction: Remains to be Achieved [ Low 2.4c , now 2.7c]
UPDATED: 16Dec2024 Closing Price: 2.8c
CURRENT UPDATE: 1.5c
Giant X-mas tree completes at 5.2c, which is another potential -38% decline
All time view
AGY Stock Price and Chart — ASX:AGY — TradingView
Prediction:
ACHIEVED [Low of 3.3c, current 4.8c]
UPDATED: 16Dec2024 Closing Price: 2.8c
CURRENT UPDATE: 1.9c
Giant X-mas tree completes at 0.9c, which is another potential -50% decline
5 year view
AZL Stock Price and Chart — ASX:AZL — TradingView
PREDICTION ACHIEVED
UPDATED: 16Dec2024 Closing Price: 1.2c
CURRENT UPDATE: 0.6c
Giant X-mas tree completes right to base
All time view
GL1 Stock Price and Chart — ASX:GL1 — TradingView
UPDATED: 16Dec2024 Closing Price: 18c
CURRENT UPDATE: 17.5c
First X-mas tree at 15c -possible -14% move, a larger X-mas at 10c (-71%)
5 year view
LRS Stock Price and Chart — ASX:LRS — TradingView
Saved by PLS Takeover
Breach of its X-mas low at 74c, which continued falling another 20c to 54c
5 year view
PMT Stock Price and Chart — ASX
MT — TradingView
Prediction:
ACHIEVED [Low of 42.5c, current 46.5c]
UPDATED: 16Dec2024 Closing Price: 30.5c
Prediction Achieved
CURRENT UPDATE: 26c
Significant breach unfolding paves way for Giant X-mas completion at 43.5c for potential -50% downside
All time view
LTR Stock Price and Chart — ASX:LTR — TradingView
Prediction: Remains to be Achieved [ Low 73c , now 74c]
UPDATED: 16Dec2024 Closing Price: 55c
Getting There!! On Route to 43c and below.
CURRENT UPDATE: 49c
LTR, the strongest of the lithium cult stock is finally capitulating plunging -12.5% today on big volume!
After $3.23 support breached, wider X-mas tree unfolding in journey towards $2.10 for a potential -31% downside
5 year view
PLS Stock Price and Chart — ASXLS — TradingView
Prediction: Remains to be Achieved [ Low $2.66, now $2.93]
UPDATED: 16Dec2024 Closing Price: $2.19
SECOND UPDATE: Prediction Achieved as PLS hit 52 week low of $2.09
CURRENT UPDATE: $1.435!
....lithium stocks have already shown giant X-mas tree formations and with remaining few that is in the process of also completing theirs. But despite having fallen significantly, it may be difficult to imagine that it could IMO get a lot worse. The bottom is not in based on macro and based on continued prevailing speculative interests in the sector.
