Im a technical analysis convert. However, I have a soft spot for this stock which I keep holding and accumulating... why? Lithium is a future NEED, not a WANT. Elon Musk yesterday had great success with his Space X project which will translate to more strength with his Tesla project. Tesla's stated requirement is "the whole world's current lithium output".
China do not have blue skys and they are moving to 100% EV.
Some guy saved $900 on his ower bill recently from his new Tesla Power Wall but think of all the aftermarket battery companies what will be emerging to take a slice of that pie especially with government incentives. Also, AGL also want to decentralise their power storage by selling greatly discounted home battery systems.
Will this stock keep going lower? who knows but imagine it becomes the new BHP and we get to $40
Im a technical analysis convert. However, I have a soft spot for...
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