PLS 2.08% $2.95 pilbara minerals limited

PLS chart, page-23255

  1. 3,134 Posts.
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    Hi Folks

    Up at sparrows fart again and to fill in time took a look at a whole wide range of charts.

    I am always amused when the fundamental analysis try to find the cause and meaning of the recent spectacular movement.

    CATL closed some inefficient mines. Hence the entire Lithium sector has reached its bottom. Then?

    "its a long way to the top if you wanna Rock 'n' Roll", "Happy days are here again"

    I suppose it can seem to make perfect sense.

    Except?

    Take a look at the three following charts and explain to me how the CATL mine closures affected RIO and BHP as well.

    Or maybe just maybe its just natural wave movements. After a stock has been seriously oversold and you reach the bottom of a trough then

    "The only way is up"

    And then the question remains, is the next song?

    "its like Deja Vu all over again"

    DYOR

    Cheers Lies

    PS so "Does the band keep playing that song"

    PSS FOMO
    seems to be progressing strongly.

    PSSS watch out for the fat lady to be followed by the announcer.


    https://hotcopper.com.au/data/attachments/6505/6505555-47e9d383021cb1c8a65da5c5df244ce0.jpg


    https://hotcopper.com.au/data/attachments/6505/6505577-15c18fcb69064f12dc7195c3bd229c0e.jpg
    https://hotcopper.com.au/data/attachments/6505/6505604-46ece186fbdd82f781795d74f900d4bf.jpg

 
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