Daily Discussion, page-6562

Last week I asked - Can we crack 4 this week?
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Certainly we can. In fact, question for next week is - can we crack 5 soon?
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From a weekly perspective, a very good gain, moved from 3.5 to 4.1. More importantly, I have been calling a number that may act as resistance. We broke that, reached 4.7. It was not based on any news, this play of 4.7, so momentum was not able to be maintained. I would have liked it to go higher, but I was not surprised to see it fall down. Why? Consolidation is good for sustained. Reason we are playing 4s without losing is because we played in 3s also for some time. 4.1 which was our resistance, is now acting as support.

So what are the key numbers? Downside 4.1 to hold. Upside, first key number for me is 4.8, but around 5.3 is the key. If we can hold this level, at some stage there will be an attempt.
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Personally, I did trade a few, sold some and bought back, still holding the same amount, but my average which last week was 3.1 is now 2.8 - not big but anything helps, especially if things don't go well, I will have greater strength to hold.
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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 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.


Here is the report for this week.
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https://hotcopper.com.au/threads/sya-weekly-report.6951924/page-3#post-73780514
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