ESS Weekly Report, page-5

Weekly Review ESS (and other Li Stocks) - 21st Jan 2022

Here is the weekly review figures and charts that I have been doing for myself, but now sharing it.

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 other Li stocks and like to trade. This is the reason I include a number of other 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.

Following changes I have made from last week:

• This week I have added AVZ and CRR to the list, so now I have 21 Li stocks that I am tracking.
• I have also included Previous Week Percentage changes to keep track from how we did two weeks in a row.
• For Highest SP (ATH), I have included a marker to see if it was achieved during the week

Here is the Figures and Charts that I would be elaborating:

Weekly Review

I have covered following:

• Weekly Percentage change
• Yearly Percentage Change for 2022
• Percentage Drop from Highest SP reached to current SP

Key Observations:

Weekly Percentage change

• This was not a good week for Li stocks or for most stocks
• Although there was gain of 2% across 21 stocks I track, the figure was skewed by BNR and CRR which had 40%+ gains
• Of 21 stocks I track, 11 were in decline. Last week only 2 stocks were in decline for the week
• The average gain across 21 stocks was 2%, last week it was 21%
• ESS had a gain of 12% this week - so although we continued our forward journey, it was not as spectacular as previous two weeks

Yearly Percentage change

• Although not a very good last week, there are still handsome gains in stocks for the year
• Of 21 stocks I track, 4 are in decline. Last week only 2 were in decline for the year
• The average gain across 21 stocks was 39%, up from 35% last week. The figure though is skewed by CRR and ESS which have had triple digit gains
• ESS now has gain of 164% for the year
• CRR had spectacular gains last week and now has gain of 216% for the year

Percentage Drop from Highest SP reached after Boom Start

• Most stocks are close to their ATH, a reflection of how strong market is
• Last week half the stocks were within 10% of their ATH, this week only 3 out of 21 are within 10% of ATH. Reflects the bad week we had
• Even though it was not a good week, 10 out of 21 stocks made their Highest SP this week - that is incredible
• On average of 21 stocks, the SP is 18% away from ATH

IMPORTANT NOTE

• On a whole, Producers did not have as much gain as others - yet, though this could change - early days still in the year
• So from volatility perspective Explorers and Developers may have more swings - it may also be a reflection of risks they may carry
• So its individual choice and risk appetite to see which to pick

Personally

• I had a few trades this week for ESS - I am up by 5% in volume of what I held previous week
• Added some SYA and LKE
• Also looking to buy some more this week - I have at least 3 to 4 Li stocks in sight, depending on how the market goes

Weekly Ahead

• I have a feeling that this week will be most volatile with very big swings
• The global stock market is in turmoil and its created some fear.
• I know each of us will have our own way of handling this. Some will bail out as per their risk/reward and wait to stabilize, others may think of this as an opportunity to pick up cheap shares or rebalance their portfolio
• Some feel that due to some Options trade of around $3 trillion, the selling should be over and we should get to normal on Monday. Others are predicting further falls even upto 50%
• ASX may swing around on Monday with slight decline, waiting for DOW on Monday night to provide clear directions
• My numbers for this phase are 52 and 68c. I am really hoping that 52c holds. If the market doesn't tank on Monday, I feel we will hold. This has stood us well for two down days. If things look better on Monday, most stocks including us could see healthy rebounds
• Very turbulent days ahead, so play safe and all the best