2024-07-13 02:54:16 ET
Summary
- PLL stock rated hold, monitoring turnaround measures and bullish trend signals.
- Stock at 5-year support zone, potential trend reversal expected.
- Turnaround initiatives, including production ramp-up and cost-saving plans, expected to drive growth and stabilize financials.
Investment Thesis
I am rating this tock a hold as I keep close tabs on its turnaround measures as well as observing any confirmatory signal of a bullish trend such as the MACD moving above the zero line and the stock price moving above the moving averages [MAs]....
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For further details see:
Piedmont Lithium: Not Yet A Buy, We Are Almost There (Technical Analysis)