WR1 General Discussion, page-26711

A strong play where many others are jittery.

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Yes WR1 finished half cent up at 90, but our volume was small, just under 1m shares traded.

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So how are we doing? I thought we did really well this week. I am playing with a number of Li stocks, and WR1 finished in the upper range where many others were not able to do that. So still good, looking strong comparatively.

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So what will take us to the next level? And what is the next level? For me it's 112. I have written this number in some of my previous posts. I feel its a key number. Below that, we are in weakness, trying to recover from drop of 252. Above that, there is a chance of reaching previous glory. It won't happen in a day. It won't happen unless the whole Li macro turns positive - it's turning, but we need euphoria. I know many now thinking of how best we cannot make a lower low, below 52. I have seen the ups and downs, and when the turns, same way as it does not make sense, when dropping, many will not embrace the upside and question with rationality - unfortunately for those with sane minds, in mobs people do something they would normally not do, same euphoria takes over.

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So what may happen next week? Slightly uncertain state, but WR1 recovery from 52 is much stronger than many other Li stocks I am following. So we are in a good state. A hold of 80 this week on weakness was a strength. Not getting to 100 was nothing to be ashamed about. For a big rise, I still feel, we need help of Li macro, where Li stocks are rising. I still feel we get lots of cues from US Li stocks. We want ALB to get over 128, to get to 140s, and then 150. That will bring Li punters in the game in a big way. We will also reap the rewards. Will that happen? Let's hope so. Enjoy your weekend and all the best.