Another week where WC8 kept on playing within the same zone that it is doing for last 4 weeks, mainly around low to mid 70s. . As I have been writing for last few week, it needs a catalyst to get it out of this zone - it will happen, but I am not sure when. The risk/reward is not bad from here - the downside should not be much, but upside can be very big. From price perspective, it needs to hold mid 60s and get into 80s. I am watching when the current play gets over in order to get back in.
For those interested how stock is tracking against other Lithium stocks or who hold multiple Lithium stocks, I do a Weekly Report across 96 ASX Li stocks. It has got Weekly/Yearly data how stocks are tracking. I also have commentary across general markets and sector. Those just holding specific stocks, it may not be relevant, so please ignore.
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
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