Pilbara Minerals mean reverts, now what ?

Another post about #lithium companies;

In early February 2024, I wrote in anticipation of mean reversion for listed Australian lithium company, #Pilbara Minerals,

https://robzdravevski.com/2024/02/07/reminiscing-about-gravity/

Within it I said, “Parabolas are honoured by mean reversion.
As price and mean converges, it still may be a $2.80 stock (+/- 20 cents).”

Thus far, this week’s low is $2.93. Good enough to satisfy that view…..

whether and where it’s a ‘buy’ is the next pondering.

July 3, 2024
by Rob Zdravevski
rob@karriasset.com.au