We broke trend on the weekly RSI!
If a big brain TA person could pipe up share their thoughts, that would be awesome.
But here is what I think (IMO, DYOR, etc...):
- Historically trend breaks were followed by a pretty nice run up.
- A similar run would see us cleanly at the 1.618 fib level @$5.00.
- $5.00 ($15B MC) , arguably isn't even fair value when:
- currently selling at a rate of 500ktpa of SC6% @ ~$4000 USD/t,
- ramping up towards 680ktpa, and
- only a bees d**k away from setting a date for 1Mtpa capacity ramp up.
All other lithium "miners" that haven't dug anything up have future capacity priced in to their SP...
$5.00 is fair value for about 350-400tpa @$4,000 USD/t.
Its only a matter of time until the market realizes PLS will be at 1Mtpa SC6% before most of your other asx lithium miners are reliably producing 100ktpa.
Theres a lot of catching up to do, and I think the next catalyst might be some news in the upcoming presentation this Thursday
Cheers - Woly![]()
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We broke trend on the weekly RSI!If a big brain TA person could...
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Last
$2.67 |
Change
0.310(13.1%) |
Mkt cap ! $8.040B |
Open | High | Low | Value | Volume |
$2.55 | $2.77 | $2.53 | $172.5M | 64.79M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 295865 | $2.66 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.67 | 2000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 295865 | 2.660 |
11 | 285796 | 2.650 |
7 | 195605 | 2.640 |
1 | 5000 | 2.630 |
5 | 167434 | 2.620 |
Price($) | Vol. | No. |
---|---|---|
2.670 | 2000 | 1 |
2.680 | 348102 | 3 |
2.690 | 2112 | 3 |
2.700 | 202804 | 12 |
2.710 | 64522 | 10 |
Last trade - 16.10pm 11/09/2024 (20 minute delay) ? |
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