LACK Dip as a Buying Opportunity in Rare Earths

6 days ago

"Lack got beat up on bad news when one of the grants for a battery contractor was pulled, and even though it is in the lithium space, the federal government backing remains strong. I see a high chance that either $7 will act as a balancing board or, in a more bearish scenario, previous support in the $5 region may hold. The sell the news reaction presents a potential dip-buying opportunity as lithium demand and government support remain intact."

The speaker explains that despite recent negative news leading to a drop in LACK, strong federal backing and robust lithium demand suggest that the dip could be an opportune entry point, with key support levels anticipated around $7 or $5.

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