Another important week for WC8 and most Li stocks. Many stocks looking like coming out of their bottoms - but its still early days and there is no confirmation as yet.
WC8 has made big strides this week. There has been a gain of nearly 50% from the recent low it made at 36.5. Will it continue on its parabolic run or will it do some consolidation, back test etc before the next leg? Difficult to say. Last run from 30s to 101, first big strides to 70s was without much consolidation. But this time is different. So I will not be surprised to see some consolidation, but will follow price action. . Personally I did take some profits. My buy was average 40 which I had been writing, sold some average 53.5. Usually I take some profits around 35/40% - so it met my criteria. I will buy back, but at this stage I am not sure whether it will be lower or higher - so lets see.
For those interested how stock is tracking against other Lithium stocks or who hold multiple Lithium stocks, I do a Weekly Report across 96 ASX Li stocks. It has got Weekly/Yearly data how stocks are tracking. I also have commentary across general markets and sector. Those just holding specific stocks, it may not be relevant, so please ignore.
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
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