Yes correct. It will range trade around these levels until the powers that be let the brakes off and let it run up a little.
I find this usually happens around report time.
Next financials should be good, which should increase buying volume and create a strong hold sentiment with those currently buying at these levels and those that are taking profit.
This prevents traders from creating a trading “bracket”
The EV + storage battery are the growth sector for the next couple of decades.
Yes the tech may evolve, Anode/Cathode advancements ie. Less carbon more silicon, cheaper more abundant materials ie. less nickel more iron etc. but the sure thing that won’t change is the use of Lithium.
Good News & Bad News, page-11005
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Last
$2.89 |
Change
0.000(0.00%) |
Mkt cap ! $8.699B | |||
| Open | High | Low | Value | Volume |
| $2.91 | $2.93 | $2.86 | $63.54M | 21.97M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2073 | $2.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.90 | 215474 | 12 |
View Market Depth
| Last trade - 16.10pm 23/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |