No direction?.Yes, from a weekly perspective, remained flat at...

No direction?

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Yes, from a weekly perspective, remained flat at 3.1 Volume wise, lower volume than normal, comparatively. So no big volume to indicate of imminent rise, at least at this stage, it could change though.

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So what is happening here? I feel RDN is waiting for some catalyst. Li macro is not providing any catalyst, or at least a positive catalyst. RDN waiting for drill start announcement to kick off something positive. None came this week - an announcement or Li macro improving - hence it just played around, with not much direction.

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Personally, as I wrote last week, I picked a few at 3, but only around 20% of what I want to buy. Mostly due to Li macro. It didn't improve this week, so am in same state.

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So what may happen next week? Li macro is playing cat and mouse. Couple of days back, China Li stocks had a 3% type of rise. It looked good. US Li also rode on Wednesday, liking that play. I also bought a few Li stocks, hoping for a bounce, which I wrote on another thread that day. But as has been the story of Li macro for last year or two - there was no follow thru. Yesterday China Li dropped. Today it dropped it slightly. But instead of staying neutral, it went down last 2 days, opening a situation that US Li may go down again tonight. ALB had made another attempt to get over 100 on Wednesday. Unless we get help from job numbers tonight, it may go back for another play in 90s. Bitcoin is at 54k, has lost nearly 30% from its recent high. Signalling markets may have a correction,, something to keep an eye on, as Bitcoin has always pre-led the markets. I was hopeful and had picked up a few Li stocks on Wednesday, got out today, mostly at break even. It is a very depressing state for Li stocks, in fact, most resource, risk/on stocks, except may be Gold/Silver, or some with their own announcement. So we are back to wait state, hoping for a direction. Hopefully to the upside. Enjoy your weekend and all the best.