AZL Daily Report, page-723

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, AZL had a small loss, moved from 0.6 to 0.5. Its at 52 week low now. Not a good print. Not sure what will reverse it. If macro improves, definely, it will gain from that. But can it do on its own, based on Prairie? Share price says it may not happen, but you never know. One good news could change everything. Not following much so I may be missing some other things happening. But I mostly a numbers person. It says I am not missing much. At this stage. Lets hope next half is a good one...
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Major price action indicators -

• ALB - gain of around 7%, so very good week, and now over 20% from its lows - which is the first good indicator for going higher
• Ganfeng - Gain of around 2.5% for week, Tianqi gain of around 4% - both are over 20% from their lows
• PLS/LTR - PLS gain of 3%, LTR gain of 4% - so moderate gains
• Spot Price - Loss of over 1% for week, now a drop of 10% for the month

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So what do these numbers say? There are no clear signs of reversal for the sector. But there are signs that it may be bottoming out. We have heard that before, so we have to be cautious. As I said, numbers are improving, but no clear signs yet around people like me who have seen it all, getting in now. But there are large number of long term holders, so for them, its a good sign. There is hope, something good may happen, sooner than later. Other reality is PLS, it made a new 52 week low of 1.07 this week. If couple of years back someone had said that PLS may go back to 1, people would have thought, person has gone crazy. Unfortunately, that is a reality. So we have to be cautious. If things go bad, it can really go bad.
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Personally I have not been playing Li stocks. Some scalping, that's it. Gold sector is doing well last couple of years, a lazy play there would have earned a lot instead of seeing drop in portfolio. Something similar we saw 3 years back in Lithium. I am playing Uranium sector big now. I have got out of nearly all my other plays and playing the sector, besides a few goldies and couple of random stocks in REE.
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So what may happen next week? On Friday, US Li stocks had decent gain. General markets big green. But we wait for Monday play as we open on Tuesday. Lets hope the recent trend continues. All the best.
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Here is the Figures for the Week:.
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