Oh boy.
posted on
Dec 15, 2020 09:17AM
Breaking $10 support few days ago was not pleasant and now SP is barely hanging around $9 support, if it does not hold here – next is around $8.50 sh. It is hard to understand why would anyone sell now before big events which scheduled for January and February.
But again looking back we can see that SP was chugging along, nicely up all summer until unsubstantial Battery Day rumors push it extremely high . Then SP retreated , followed by ATM and Bangchak sell-off chart took a beating..
We can only speculate why B-boys continue to sell , they might really messed up their portfolio and trying to fix it by selling LAC.
The good news is on horizon- majority of investment community is holding, they are know what is coming, so and we. Just little pain like during the birth.
Lithium Americas (@LithiumAmericas) / Twitter