AZL Daily Report, page-282

Li sector continues to play tentatively, slight weakness?

Yes AZL lost 1 pip to finish at 2.2 on a low volume of just over 5m shares traded.

So there was another push down, also a reflection of how average Li stocks are behaving in the current phase. Though some big stocks finished slightly in green, but overall no clear direction. Usually in this tentative phase punters are hesitant to buy up, so a small loss is seen. AZL too played similarly. But its happening of very low volumes, so very small number of punters in play. Out of 3756m shares for AZL, only around 5m are being traded, its close to 0.1%. So most waiting for some turnaround in sector play and holding for now.

Personally no trades for me today.
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So what may happen tomorrow? Much depends on how the US Li stocks do tonight. The indices have been racing towards highs, SP 500 wanting to touch 5000, made another all time high on Friday. But most importantly the one I will be watching is ALB (and a few others). Its in no man's land current at 119. Will it go back towards 52 week low of 112, or scale the first step and finish over 127. No strong indicators at this stage, so some sentiment and technicals may drive the market. But a good green tonight will give a big boost to ASX Li tomorrow. Will that happen? Lets hope so. All the best.