While almost every EV stocks are up to the moon in Nasdaq, so as some of the Lithium play on ASX.
Looking at PLS, LYC and ORE in particular, all have been hitting the uptrend since Nov, matching with the Biden's winning of the presidency whom everyone knows is a big advocate of EV. But IMHO, we couldn't ignore the underlying imbalance of Lithium supply when the biggest EV market in the world, China, are making a huge push for EV production in country.
Out of the these three Lithium players on ASX, ORE is still way behind, and has just broken out of its 2 years high @$3.96.
Its hard to predict where these guys would land but its a pretty clear uptrend path for the next 6-12 months considering both micro and marco economy factors.
Are there even better Lithium play on ASX? Pls let me know.
Looking at PLS, LYC and ORE in particular, all have been hitting the uptrend since Nov, matching with the Biden's winning of the presidency whom everyone knows is a big advocate of EV. But IMHO, we couldn't ignore the underlying imbalance of Lithium supply when the biggest EV market in the world, China, are making a huge push for EV production in country.
Out of the these three Lithium players on ASX, ORE is still way behind, and has just broken out of its 2 years high @$3.96.
Its hard to predict where these guys would land but its a pretty clear uptrend path for the next 6-12 months considering both micro and marco economy factors.
Are there even better Lithium play on ASX? Pls let me know.
Comment:
OK...a few of you messaged me and asked how would I exit these trade? I obviously do not know where the top is, but I typically would let it run until it close back below 20 days MA. Hope this makes sense.
Trade closed: stop reached
Comment:
Its a great run, but all the mineral and mining stock came back down since Tesla's release. Position closed according to my 20MA rule
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