AZL 0.00% 1.7¢ arizona lithium limited

Still playing the macro..From a weekly perspective, finished...

  1. 4,853 Posts.
    lightbulb Created with Sketch. 3970
    Still playing the macro.
    .
    From a weekly perspective, finished flat at 1.5. But the buys are 1.5, last week it was on sell. So slightly better, but nothing game changing.
    .
    So what is happening? Playing Li macro. And the Li macro has become very volatile. Big rises one day, then big drops. Although most Li stocks gained on this, because the rise was higher than the fall, but after all that euphoria, we are back to drawing board by this Friday. We got a good announcement, but Li macro is so strong currently, that individual stocks are not able to carve their own path.
    .
    ALB iis still down on a weekly basis. Ganfeng made a new low this week are 24.90. On the big rally, it nearly reached 28. But finished today at 25.58, just 2% from its lows. Lost 1.5% on a weekly basis. So not looking good at this stage. The rally now seems more like a sucker rally. Let's hope it is not.
    .
    Personally nothing much from me still.
    .
    So what may happen next week? We need ALB to reach 106, Ganfeng 35. Till then the volatility may continue. So still no confirmation of bottoming and reversal, but as the big rally showed, it won't take much, if the sentiment changes. Let's hope it happens soon. Enjoy your weekend and all the best.
 
watchlist Created with Sketch. Add AZL (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.