/biz/ - Business & Finance

>>54152085

Starting to look good, but there's still more to fall.

Few threads ago I pointed out that salt follows the exact same chart patterns as nuscale among many other companies and I wondered what's the biggest player they're following.
Well it seems like they're just all moving according to the CRB index with few months of lag. Except now when we're falling, now they're tracking it in real time.
There are little to no fundamentals at play here, only thing they have an effect on is the volatility.
Basically this is nothing but fake and gay algo trading going on with all of these companies.

Since the commodity index may very well pull all the way to the 0.61 line, I expect it's possible for salt to go even as low as $0.6 if commodities keep on falling.
Might get few bounces before we get down there though.