Looks like we just finished the 9 year uptrend with a 5 wave move and even can see a classic throwover associated with rising wedges. Very nice. I just saw an advertisement for this company funny enough and this looks really overextended.
Yes there will be a higher future demand for Lithium but the stock has gotten ahead of itself. This will pullback hard almost without a doubt, and I'm saying we are correcting for the uptrend since 2013 so this is pointing to a deflationary crash actually... once this correction is over though, this stock may be an AMAZING play to go long. The next 10 year bull market will hold explosive upside for this stock once the deflationary correction finishes here.
Yes there will be a higher future demand for Lithium but the stock has gotten ahead of itself. This will pullback hard almost without a doubt, and I'm saying we are correcting for the uptrend since 2013 so this is pointing to a deflationary crash actually... once this correction is over though, this stock may be an AMAZING play to go long. The next 10 year bull market will hold explosive upside for this stock once the deflationary correction finishes here.
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