General Discussion AGY, page-24739

Weekly data and thoughts.
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Please not that all my views are for short-term only, and I could be wrong, so please dyor.
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Lithium Sector Overview -
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From a weekly perspective, AGY had a great week. An announcement move it straight from 1.5 to 2.3, nearly 50% gain, but some selling later brought it back to 1.8. But still a 20% gain for the week. And most importantly, there is now hope. And the news has come at the right time. In my reporting, this is first time after long time that there are some consistent positive signals. So if macro improves, many who still don't believe AGY may turn.
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Personally, I picked a few Li stocks this week after long time, have not yet bought AGY. I saw this big play on Friday, instead of getting FOMO, I thought I will wait and see where it settles. But if sector goes in right direction, will surely get in soon..
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Major price action indicators -

• ALB - MONSTER week with a gain of around 15%. and now back over 20% from its lows - reached 66.67, nearly a 3 month high
• Ganfeng - MONSTER week, gain of around 12.5% for week, Tianqi gain of over 10% - big week
• PLS/LTR - MONSTER week, PLS gain of 12%, LTR gain of 10% - matching double digit gains of key indicators
• Spot Price - Good, hopeful week - Back in green for the week, a gain of around 1.2%, so second week in last 3 weeks with a green, a rarity for so long

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So what do these numbers say?

• For the first time in long time are we seeing something very different on price action
• All previous plays, there was one very noticable feature - all jurisdictions never went in tandem. When Chinese increased, US still lagged. When US went ahead, ASX lagged.
• I have been reporting numbers for a very long time, but for first in long time, all 3 jurisdictions are going in tandem. All big stocks in the 3 regions had a massive gain of double digits
• All big stocks key indicators I track are above 20% from their lows - first box ticked
• Some new announcements like AGY also bringing hope
• We have a long way to go, but there was nothing not to like this week. But based on past experience, we need at least another couple of good weeks before an average punter may be convinced of a reversal. For Li diehards, this week's number may be enough.

Personally I have been consistently writing I am not playing LI stocks fora very long time. This week, after a very long time, I have dipped my toes in the sector. Not much at this stage, but first time in a long time. Have picked up around 6 Li stocks, but small numbers now. If things continue like this week, or should I say, levels are held and its now going back, I feel may double my small holding this week.
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So what may happen next week? On Friday night, US Li stocks were in green, moderate though. So we can start with a smile, and then Chinese stocks will provide direction.
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Here is the Figures for the Week:.
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