No respite yet..Yes AZL remained flat for the week at 1.7....

No respite yet.

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Yes AZL remained flat for the week at 1.7. Moderate volume, no indication from volume at this stage.

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So what is happening? Same as last week. Playing Li macro. And Li macro is not doing well. Spot price decreasing. Most stocks doing fresh 52 week lows or very close to it. ALB which is use as barometer is now trying to hold 80. Did fresh 52 week lows this week. Ganfeng too struggling, close to it's bottom. We had a good announcement, but as I have said, most stocks are not able to hold the announcements. Li macro is so overpowering currently. So we may have to wait. Or get a very good announcement, like finance deal with a big player. It may come, but I feel a bit later.

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Personally no trades for me this week. I am not playing any Li stock currently, just holding my AZL for now, which is also reduced as I got out some in mid 2s. I will buy back, but waiting for some signal, stabilisation or reversal. Currently none are there.

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So what may happen next week? Not sure. At least the general markets which was looking like going into correction, got saved yesterday. But I am still not convinced. But was positive. So we need general markets to hold and not plunge, some consolidation is fine. Then Li macro to improve. Then we may see some good play. Till then we may need to bide over this phase. But it will change one day, not sure when though. Let's hope it's sooner than later. Enjoy your weekend and all the best.