Playing with weakness?..From a weekly perspective, a decent...

Playing with weakness?
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From a weekly perspective, a decent drop, moved from 4.4 to 3.6. Last week, it moved from 4.8 to 4.4. Before that from 5.2 to 4.8. So big drop in last 3 weeks. So after some decent gains before that, its back to testing some key levels.

As I last week week, 4.7 was the key. Not holding that was not good. I wrote that last week. This week confirmed my fear that it may go down.
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So where is RDN now? Will it bounce or go lower? We don't know. One thing I know is that we are in June tax transactions month, usually a weak month. Second thing I know is that we are playing with very weak Li macro (more in my weekly report). So overall not looking great. But things can change anytime, markets, announcements, etc, so best to follow price action than assume.
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Personally, last week I wrote I exited at 4.7 my buys from 2.7 average. I have not yet bought. I am watching.
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Overall markets, especially Li sector, not looking great. Odds of going down is higher than going up, unfortunately. Please don't bash me for this statement. I am saying what I feel looks like happening, I could be wrong. But most importantly, whatever happens, I am not the reason. So please spare me. But if one were asking what may happen - I would say odds of going lower is more than going up. Numbers? 3 needs to hold. For something positive, get over 4.1. Rest is usual noise.
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The overall markets and Li sector is not looking great currently. Plus ASX tax transactions coming up. Could be a volatile June months. But any announcement of our own will get over those hurdles quickly. Lets hope it plays out that way.
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For those interested how stock is tracking against other Lithium stocks or who hold multiple Lithium stocks, I do a Weekly Report across 91 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.


Here is the report for this week
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https://hotcopper.com.au/threads/sya-weekly-report.6951924/page-3#post-74232549
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