PLS chart, page-22443

Hi folks

I spent some time catching up on the charts after being away for a protracted period.


A while ago I went through strong Lithium related stocks across various geographical regions and drew up for each a series of unfilled gaps in descending order. I ended up with a comparison group to watch to see what plays out. I have several of them some obvious and some no so obvious.

So gap filling with Lith stocks. Some of these are taken from my record book.

ALB (Albemarle) 128.63-129.34 filled, 126.49-129.03 filled , 120.69- 123.00 filled. All filled late last year in a downtrend. While I was away 106.33-113.07 filled. There was a fair distance between the last two gaps at 120.69 the gap down at 106.33 looked highly unlikely.
ALB next lower gap is a small unfilled gap at 79.04-79.06 which looks extremely remote, however in November 2022 when ALB was 323.72, 128.63 looked more than extremely remote. I'll watch.

I won't go through the full list of gap filling with the other companies, just the last couple,

002466 (Tianqi) 65.35 - 66.09 filled Apr 2023, 37.29 - 37.69 filled while I was away. Peak 148.57 current price 28.88 with the next unfilled gap 28.14 - 28.62 right next door. Another one at 23.28 - 23.80.

SQM has filled a number of gaps. Next lowest is 37.75 - 38.13 current price is 42.25 down from a peak of 115.72

002466.sz (Ganfeng) 39.57- 39.71 filled Nov 2023. 33.85-34.15 filled In February 2024. next unfilled gap 21.34 - 21.36 current price 29.01 down from a peak of 160.29.

It's the same story across a number of my other comparison Lith stocks.

I'll leave to LIT eft for another day. It's also filling gaps despite the composition moving away from Lith stocks.

Finally a comparison chart for thought. It starts 16 Feb this year. ALB (purple), Ganfeng (red) , Tianqi (green).

People go on and on about the shorters causing the SP demise. Are they causing the drop or just taking advantage of what the Lith market is telling them.
Sure they play games at times, but just taking advantage of the general trend.

Notice that PLS tends to follow the ALB trend more than Ganfeng. Tianqi is tanking seriously.

DYOR

Cheers Lies