Around these price levels people tend to get FOMO and buy in.
I think nows not a bad time considering how low we are, but if you want more certainty and wanting to buy in later after a bit of derisking i don't think you should worry you'll miss out.
Here's a case study from your boy Jez:
Last bear run from 2018-2020, we didn't enter a bull phase until the minute the Monthly MACD reached positive (green). A bloke on the forum called W3Hunter came on the scene and said the daily, weekly and monthly MACD turning green all at the same time would catalyse the beginning of a wonderful bull run (and it did).
As you can see we haven't even reached the light red phase, let alone ending the continuous dark red MACD bars.
Secondly: Just like in 2022 when spot price started falling, we had about 2 months before it started affecting our share price (that was 2 months to realise we should sell, arghh why didn't i? oh yeah, because JZ said "Imminently")
So in 2020 after 2 years of prices tumbling, spot prices started rising in at the end of August 2020.
But it didn't start affecting our share price until November 2020.
To be honest i think our share price will be a bit more reactive to lithium pricing with less of a delay now that we have a futures market for lithium, but i still think due to the signalling of the Monthly MACD being still in the dark red stage, i don't think we've seen the bottom yet (unless Jerko announces tomorrow that virgin mother mary has had another baby).
Let's see if Jerko derisks this for us a little with progress from Pablo, and reassurance of strategic partner still in place and no capital raise. So far the signals have not told me to buy, so i shall wait.
Cheers, hope you liked the case study
- your boy, Jez.
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Mkt cap ! $182.5M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
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23 | 1210063 | 12.5¢ |
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Price($) | Vol. | No. |
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42 | 1859216 | 0.120 |
16 | 1355004 | 0.115 |
10 | 592043 | 0.110 |
10 | 1019856 | 0.105 |
Price($) | Vol. | No. |
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0.130 | 399449 | 9 |
0.135 | 568093 | 15 |
0.140 | 500520 | 11 |
0.145 | 848808 | 12 |
0.150 | 557786 | 16 |
Last trade - 16.10pm 17/05/2024 (20 minute delay) ? |
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