Weekly data and thoughts..Please not that all my views are for...

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, remained flat at 19. But, made a new 52 week low at 18. The star of 2023, when it gained 2800% in that year alone, is in strife. That year 2023, the beginning was at 2.4. Its still far away. But the way Li macro is going, who knows. Many may not have thought of a fresh 52 week low. But it happened this week. MIN which gloatingly bought a large chunk of WC8 at 85c must be rolling in the losses. Things have changed unfortunately. I have stopped playing Li stocks, except a couple - WC8 and PMT, and only for swing trading, because they are hot and cold stocks. Not getting strength. I had picked up WC8 at 18.5, thought I will play it for a while. But suddenly sentiment was weak, got out 90% at 19.5, will sell rest on Monday, was going to sell on Friday, but knew it would close on 19. So very miserable play currently, playing more by habit than to make much coins. Lets hope it changes one day, soon.
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Major price action indicators are mixed -

• ALB - Loss of 2% for the week, moved from 77.03 to 75.51. Also made a new 52 week low at 67.23 this week. Recovered a bit though.
• Ganfeng - Gain of around 0.7% for the week - Tianqi gained 1.5
• PLS/LTR - PLS lost 5% but LTR lost 1% - new 52 week low for PLS at 179.5 on Friday
• Spot Price - Down slightly for the week, I think around 0.2%

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So what do these numbers say? Chinese Li stocks have held the price, and hopes. Ganfeng is roughly 50% up from its lows. Not many US and ASX Li stocks can claim that. So there is hope that US/ASX Li stocks catch up. But it was not to be this week, even though Ganfeng is doing green weeks in succession. But barring ALB, many other US Li stocks finished in green for the week. So there are signs of coming back. But if Chinese stocks falter, there could be more pain.
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So what may happen next week? US and ASX Li stocks are still in the grip of going down, something I wrote last week as well. All hopes on Ganfeng and other Chinese Li crews. On Friday, US Li stocks had a moderate drop. General markets moderate gain. So a tentative start on Monday, and then wait for Chinese stocks to provide direction.
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Here is the Figures for the Week:.
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