AZL General Discussion, page-17682

Just a weekly update from me.

Nothing dramatic this week, looked like holding the level. Last week we finished at 2c and again on 2c - so steady on the weekly perspective. Volume all this week was good, averaging around 20m shares.

So whole week has played in narrow range of 1.9/2.1. Looks like a phase of consolidation. Its now 2 weeks now playing in this zone after a big drop from 2.8. Normally I would have expected some rebounce, but general markets have been on the slide. Also, Li sector in last 4 weeks has been pathetic - average loss across stocks around 30%. Even yesterday in US, the ETF of LIT and LAC did 52 week lows. Many other stocks within 5 to 10% of their 52 week lows. Many ASX Li stocks in similar situation. So all macro helping the cause.
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Personally holding my buys from 1.9 but did not add this week - mainly because of general/Li sentiment.
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So what may happen next week? The 2/2.1 is a tough area to cross. Once 2.1 crosses, I think there could be a decent jump. But will need other sentiments to help. Lets hope it turns out that way. All the best.