EV/Lithium, page-728

Have a look at the All time view chart of ALB

..you can see how each boom and bust ended with a completion of the X-mas tree

* Boom from 2 Aug 2010 $40.09 to $70.55 peak on Apr 2011, then Bust down back to $40,40 on Sept 2011
* Boom from Sep 2015 $44.10 to $140.89 peak on Oct 2017 then Bust down to $56.37 on Mar 2020
* Boom from Mar 2020 $56.37 to $281.45 peak on Jan 2023 then Bust - now at $97.41, and could scale down close to $56 (circa -40% downside)

All time view
ALB Stock Price and Chart — NYSE:ALB — TradingView

...every time we see the completion of X-mas tree back to its base where the rise first began, before the stock bottoms. In 2011, it was a quick recovery. In 2017, it took 2.5 years and peak to trough was -60%. This time around, it could take a longer period before full bottoming because it went up a lot further (5x as opposed to 3x in 2015) and the fall needs to be sharper to retrace back all the 500% gain.

...now see where your Xmas tree pattern ends for your lithium stock in my post yesterday below.

EV/Lithium, 74551647, page-707 | HotCopper Forum