This is the idiocy of predictions. When the POSCO news came out so did the shorts burning commentary and this is going to the moon. Now it is shorts volume increase blaming the value contraction. Li to some is an over hype sector and to others is just starting to gather pace. Along the way the bulls and bears will have to fight it out to control that momentum.
All I know is that if the US markets should tank and have another volatile drop then everything will get sold off like we experienced recently. Lower peak on the SP500/DJ30 is something I am getting a bit concerned especially LIT etf which is not looking all that inspirational for me to buy over sold Li stocks. In the absence of proper commodity pricing this is the only road map I have to refer, maybe others can suggest some links to Li charts?
This is the idiocy of predictions. When the POSCO news came out...
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Last
$3.01 |
Change
0.075(2.56%) |
Mkt cap ! $9.135B | |||
| Open | High | Low | Value | Volume |
| $2.99 | $3.08 | $2.97 | $47.97M | 15.86M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 56 | 283887 | $3.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.01 | 218998 | 28 |
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| Last trade - 12.19pm 01/08/2024 (20 minute delay) ? |
| PLS (ASX) Chart |