I’m guessing that RIO’s purchase, at a 90% premium to Friday’s closing price, is a variable that was not included in your analysis.
I expect most lithium plays to see SP movement of +5% or greater, tomorrow morning. Whether this will be a long term trend mover or a short term bump is difficult to predict, but I suspect that anyone who just entered a new short position on LTR, PLS, et al, over the past few days is going to regret that decision, at least in the near term.
Time will tell!
New TA/Charting, page-15439
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Last
87.5¢ |
Change
0.035(4.17%) |
Mkt cap ! $2.121B | |||
| Open | High | Low | Value | Volume |
| 85.0¢ | 89.5¢ | 84.5¢ | $14.42M | 16.61M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 112120 | 87.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 87.5¢ | 79469 | 3 |
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| Last trade - 16.10pm 12/11/2024 (20 minute delay) ? |
| LTR (ASX) Chart |