Hi folksUp again early and noticed that Albemarie (ALB) tanked...

Hi folks

Up again early and noticed that Albemarie (ALB) tanked -8.7% overnight to 90.47 . That's the lowest SP since Nov 2020.

So I decided to chart both ALB and PLS monthly charts. On monthly charts I like to use 12MMA and 60MMA (1 year and 5 years).
On both charts I included my long term Bullish and Bearish signals. (These signals ignore monthly candles that cut across the 12MMA, so it remains bullish until the bearish signal arrives and visa versa).

ALB story. Bullish signal arrives June 2020 and takes 34 months until the bearish signal arrives in Apr 2023 with 12MMA gaining 250%. Bearish signal has so far lasted 15 months with 12MMA falling 46%. Important 12MMA and 60MMA crossover Apr 2024. ALB SP is not far way from where the first bullish signal turned up.

PLS story. Bullish signal arrives Aug 2020 and takes 38 months until the bearish signal arrives in Oct 2023 with the 12MMA gaining a staggering 1761%.
Although we were a small speckie at the time. Since the bearish signal has arrived the SP have dropped so far 9 month for a loss of 13.5%. PLS is only back to Aug 2022 levels. Looking forward there is the potential for a 12MMA & 60MMA crossover?.

I could have chosen other Lith companies like Ganfeng, Tianqi & SQM to use, but ALB dominates the LIT eft,

Just presenting the charts, make of it what you will.

Cheers Lies