Lithium Fever Liontown ASX: LTR long term chart
The function of bear markets is to remove all speculative excess from markets and individual stocks.
My last publication was on BNPL stock ZIP on the Australian ASX which suggested that it would go bust and is now trading at 45 cents from $14.50.
The next speculative sector is Lithium Mining which has been supported by a great deal of irrational exuberance without any regard for macro economic headwinds.
This chart suggests that LTR will endure a similar fate to the BNPL stocks which have fallen from Market darlings to Market Pariahs
My last publication was on BNPL stock ZIP on the Australian ASX which suggested that it would go bust and is now trading at 45 cents from $14.50.
The next speculative sector is Lithium Mining which has been supported by a great deal of irrational exuberance without any regard for macro economic headwinds.
This chart suggests that LTR will endure a similar fate to the BNPL stocks which have fallen from Market darlings to Market Pariahs
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Two bullish news articles this morning invalidates the count and remains in long term uptrend after false break