PLL General Discussion, page-2735

Weekly data and thoughts.
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Please not that all my views are for short-term only, and I could be wrong, so please dyor.
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Lithium Sector Overview -
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From a weekly perspective, PLL had a small drop, moved from 9.6 to 9.2.. Nothing much is happening based on share price action. I am not following much news. Just hoping that for shareholders something good happens. Signs of bottoming are there, but no reversal. But sun may shine one day, we wait.
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Major price action indicators -

• ALB - gain of around 1%, so kept the gain from last week, and now over 20% from its lows - crossed 65 but could not sustain, for now
• Ganfeng - Gain of around 2% for week, Tianqi gain of around 1% - both were in positive last week as well
• PLS/LTR - PLS gain of 5%, LTR gain of 12% - so big gains, on top of gains last week
• Spot Price - Gain of around 1% for week, after a long time a weekly, not big, but consistent with how all the big stocks are doing

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So what do these numbers say?

• There are some signs that a bottom may have been formed, but no confirmation yet.
• Also no clear signs of reversal yet. There are no clear signs of reversal for the sector. But there are signs that it may be bottoming out.
• All big stocks which I use as indicator - ALB/Ganfenq/Tianqi/PLS/LTR - they are all above the first level, which is 20%.
• Second week in a row that all big indicator stocks finished in green
• Second time in recent play, LTR is making another attempt to break out. Last attempt it reached 85. Is back in 70s now, so an important play for sector coming there
• On the flip side, though Spot had a small gain this week, it is near in last few years low, so a long way to go
• Most Li stocks, both ASX and US, are still at or close to their last few years low, so they are not showing any signs of bottom/reversal yet

Personally I have not been playing Li stocks as I have mentioned a few times last several months.
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So what may happen next week? On Friday night, US Li stocks were in red. General markets had a big red. So a tentative may be on Monday and then wait for Chinese markets to open and provide some direction.
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Here is the Figures for the Week:.
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