Another ruthless day for stocks in general, particularly to...

Another ruthless day for stocks in general, particularly to risk-on assets (resources etc), and surely for Li.
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LTR this time bowing to the pressure in decline of spot prices. Its not looking good, a lot of Li stocks again making 52 week lows today.
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Comparatively, I feel we are doing well. In fact quite well. Some shenanigan in closing auction, we could have finished at 2.4 or 2.6 - someone chose 2.4. I don't think its an issue. We are still playing in the zone. We have maintained a level that one good day would give us a big one. But the way Li sector is behaving, it may be a waiting game for that big one. But, although things are looking grim, I feel one day it may change. Lets see.
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So Li sector is big decline for last few days. Fundamentally don't know if there is a strong reason for a reversal. But technically it is. Many times things don't go in a straight line, also for technical reasons, so have a feeling a plateau or a reversal is coming soon. Whether it will be maintained is to be seen, but may give some respite. Much depends on US Li stocks tonight. ALB touched it 52 week low on Friday at 112. Many will be watching it - will it succumb and make a dash for 100 or do double bottom from here? Its unpredictable, we can only hope. So lets hope we get a good one. All the best.
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