Weekly Review Li Stocks - 27th May 2022
Here is the weekly review figures and charts that I do every week. It is useful only for those interested in trading or those who hold multiple shares and based on performance would like to keep re-balancing as we go. I do hold a number of Li stocks and like to trade. This is the reason I include a number of Li Stocks in my analysis.
Please note:
This is no reflection of all AU Li stocks as I have only included those that I am interested. In my list are shares that I hold, held before or planning to buy in near future.Since this is my list, I may have missed some good stocks.The averages are simple averages and not weighted averages. So the average don't reflect AU Li average. This is just for my tracking and analysis.
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This week I have added 11 new stocks to my list. So my list now has 43 Lithium stocks.
The new Li stocks I have added this week are:
- ALY
- AS2
- ASN
- JRL
- MMG
- NVA
- PAM
- RDT
- TYX
- VUL
- WML
- XTC
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Please note that all my analysis are from a trading perspective looking at short-term view.
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I have also included my Diary - predictions, my holdings, my plans for the week.Caution around Diary - This is just my opinion/plan. Probability wise one person can be wrong many times, even all the time, so please use information accordingly. So for those who like leisurely reading, enjoy.
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Something to keep in mind this week:
- Stocks are in constant decline after reaching new highs in April
- After dropping for 3 weeks, last week we had decent gain of 11%. This week we are again on decline, losing 3%
- Many stocks have lost 40-50% from their recent highs. Its also true for US stocks. Many stocks have to rise around 50% from here to recent highs
- For the year now, average gain is 41%
- Any special event/incident/catalyst can completely change the trading pattern - something to keep in mind
- Markets are still volatile. Individual risk appetite and expectation should drive trading.
- There are some signs of decoupling from general market, but in steep decline I feel it won't hold - it may be good for small general market declines
- My Diary - for many stocks I have retained the comments from last week. Most stocks did not move, some have started moving. Did small reshuffles of my stocks, sold some weak and moved it to others
- I have included 12 new stocks, looking to buy a few of them in a week or so
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Something Positive:
- Although we had slight decline this week, DOW has done 6 days of green
- From Friday intra-day, to end of Friday, DOW has gained 10%. If that is not enough to give confidence, I am not sure what will. Do punters want another 10%?
- The market is sitting on a threshold. This is our best chance in nearly 2 months to make good gains this week.
- If for some reason stocks don't move this week or general market goes back to falling, I fear we will lose another few weeks. Reason being, it is very evident that it takes a while for confidence to come back.
- In most cases when recovery starts, stocks with bigger market caps start making recovery faster than small-mid caps. So initial if big stocks are moving, sentiment is changing, other stocks will follow soon
- If last week sentiment was low, bear/recession was predominant, suddenly I feel, even if bulls are not predominant, but at least equal now. Very good signs and opportunity
- DOW is closed on Monday, so ASX has 2 days of free will to play. Lets hope we see a good bounce
- For those who believe in recovery and a good bounce, time to load up on your favourite stocks. On average stocks may do a 30-50% rise in initial phase if we have a good recovery
.Here is the Figures for the Week:.
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DIARY - Here are the predictions and my personal plan for the week.
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