ABATAmerican Battery Technology Co.BATS:ABATShavyfxhubABAT (American Battery Technology Company) Analysis 1. Business Model of American Battery Technology Company (ABAT) ABAT is a battery materials and recycling company focused on: Lithium-ion battery recycling (recovering critical materials like lithium, nickel, cobalt, manganese) Primary battery metals production (lithium extraction from clay and other resources in Nevada) Development of a closed-loop battery materials supply chain for electric vehicles (EVs) and energy storage Their goal is to supply the U.S. domestic battery supply chain and reduce reliance on foreign (especially Chinese) sources of critical minerals. Chart Analysis (Weekly – Shavyfxhub Style) ABAT has been in a long-term downtrend since the 2021 peak (around $63–$70). Price has been making lower highs under a descending trendline. Recently, the descending trendline is being tested / broken, and the area around $2.19 – $2.21 is acting as a Demand Floor. Key Levels: Demand Floor: $2.19 – $2.21 (current critical support) Horizontal Resistance: Around $6 – $11 and higher Future Directional Bias: Short-term: The $2.19–$2.21 zone is a potential bullish reversal area if it holds with volume. Longer-term: Still in a multi-year downtrend. A true trend reversal would require a strong break and hold above the descending trendline + higher highs. Bullish catalysts needed: Major government contracts, successful lithium production scaling, or strong EV demand news. Verdict: The $2.21 demand floor is an interesting technical area for a potential bounce, but the overall structure remains bearish until confirmed otherwise. High risk due to the company’s small size and volatility.