Falling knife trade

Potential bounce at the monthly but I wouldn’t touch this until we break the downtrend on the RSI. I think we are more likely to see a touch of the Naked Point of Control, there’s a lot of volume there around the $65 level and buyers should step in.

This is worth keeping an eye on if you’re trying to bottom fish. Just don’t catch the falling knife right now, you don’t want to be the butcher’s block!

Lithium prices are being suppressed by the Chinese, it’s hurting Albermarle’s business. There could be a lot more pain to go, be careful.