WR1 General Discussion, page-27114

When will we get to 3 figures, same theme as last week ?.
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Yes WR1 came close this week to 99.5,, like last week, but momentum was not enough to push it across.
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From a weekly perspective, a slight loss from 89.5 to 87. But still playing in same zone. Key is to get over 100, and stay over 100. Key is to hold 85.5, otherwise next play of around 80 or so comes into picture.
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Personally, few weeks back I wrote my average is 73. This week I got out at average 97. I was waiting for a play of 112 as I mentioned last week, but big stocks that I follow like ALB/SQM etc were not in the mood, so I could sense some weakness.
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Personally, reduced my Li holding from last week, and let go some, including WR1. Now I am waiting where to pick back. I know some don't like when I sell, but I have been very clear, I can't change anything, best I can is to follow. So hope one understands. I was still ahead from my buys average 73, nearly 30% gain, so I thought I will take it.
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Nothing dramatic happened this week. It played between 87 and 99.5, but crucially finished on the low of the week - so I can see it may be now vulnerable to slight drop if Li macro does not behave. It can see a play around 85, but for 80, overall macro has to weaken a bit more, which is possible though. So am neutral at this stage, maybe slightly pessimistic. I know I can't change the markets, best In can follow.
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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.


Here is the report for this week.
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https://hotcopper.com.au/threads/sya-weekly-report.6951924/page-3#post-73029125
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