This thread is about charts lets look at charts. for a moment....

This thread is about charts lets look at charts. for a moment. Lets look at stock behavior with major news. Two big news events for Lynas recently was the license announcement for license and Elon M saying he was going to severely reduce REE in his motors. For both the stock fell but within a week it was recovering. The biggest fall was SAR. Revenue up but profits down, just a little. That started a slide that lasted months. took stock from $8.20 on Feb 28th to $6.60 on April 6.

SAR stock fall was more than 2 X what license and Musk combined did yet no one wants to talk about prices how come? Every body loved to talk about them on way up and point out that increases went right to the bottom line. Yet no talk about effect of prices dropping. First 2 weeks in July 2022 prices were over 900 RMB / KG WV Today they are 478 RMB a 50% drop. I would like any one that believes that prices will not drop after Q3 to explain why. If you think correction is already built in just explain why. Sales Revenue Q3 2022 325M AUD. Q2 2023 233M.
My guess is it will be slightly above Q2 '23. It is close it may be below. Either way stock goes down, because of Q YOY comparisons. FY 2023 will be very bad YOY. This is not water or covid it is the market they are in.

Yes long term the most likely action for REE is up and probably up big but not now and that is what most holders will look at.