PLS 0.24% $4.19 pilbara minerals limited

THE WEEKEND REPORT Albemarle down another 3.5% Arcadium (LTM)...

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    THE WEEKEND REPORT
    Albemarle down another 3.5%
    Arcadium (LTM) down 4.3%.


    looks like another down day for us on Monday
    A few of you seem to be critical of my back of envelop valuation...
    $3,62
    But to be fair I have made alterations based on poster feedback, even from the PLS cheer squad boys
    check it out here
    V
    V
    So I am not much of a chartist but notice something interesting
    My valuation tallies with this support at $3.56

    https://hotcopper.com.au/data/attachments/6021/6021160-5b3c0599e0c668128ae50aeae6710526.jpg
    So there was this big jump - up about 20% on a small rise in the lithium price and a bit of short covering.
    But it now looks like we will break through the support of $4.07 and are on the way back down to where we started

    Last edited by kennethgalbraith: 09/03/24
 
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