I would only caution that something similar in terms of narrative happened on Copper, Lithium and Graphite stocks, i.e. a significant gap between forecast demand and current / future production.
Prices and momentum don't go up forever. What goes up must come down. What goes up fast, comes down faster.
Any price surge will be an opportunity for ETFs and other players to exit. She has some time to go yet so be careful jumping in thinking the bottom is in. Technical pattern set ups are the only way to play this asset.
I would only caution that something similar in terms of...
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Last
$5.60 |
Change
-0.090(1.58%) |
Mkt cap ! $2.296B | |||
| Open | High | Low | Value | Volume |
| $5.67 | $5.68 | $5.59 | $4.417M | 782.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 17606 | $5.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.61 | 12514 | 15 |
View Market Depth
| Last trade - 12.04pm 14/05/2024 (20 minute delay) ? |
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Last
$5.60 |
Change
-0.090 ( 1.24 %) |
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| Open | High | Low | Volume | ||
| $5.66 | $5.68 | $5.59 | 144690 | ||
| Last updated 12.24pm 14/05/2024 ? | |||||
| BOE (ASX) Chart |