Weekly data and thoughts..Please not that all my views are for...

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, GLN remained flat at 11. Not much play is happening. Li macro is very strong and is not letting individual play happen, unless its a takeover. Li macros is still not saying that reversal may happen now. But GLN is holding this level for quite sometime, I feel that is a positive. But nothing more at this stage. Numbers to watch, 10 on downside, 13 on up. We wait.
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Major price action indicators were down -

• ALB - lost around 7%, moved from 77.56 to 72.19
• Ganfeng - Loss of around 2.5% for the week, Tianqi around 3% - both back to back weekly losses
• PLS/LTR - Both lost around 1%, so going in tandem, last week both gained 2%
• Spot Price - Down slightly for the week, I think around 0.2%

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So what do these numbers say? Last week I wrote I felt the sector is reaching another indecisive state. This week I feel we are reaching a very crucial stage and there could be a critical test to see if stocks are not going to make fresh 52 week lows. ALB needs to hold here, otherwise a drop below 70 will be tough, going there second time. Chinese stocks were our hope, Ganfeng was around 50% from its lows, but they had back to back losses. Even when US/ASX Li was not doing great, Chinese Li held the fort. Now they too seem to have succumbed. But they still have done better. Ganfeng is still around 35% up from low, Tianqi around 25%. But ALB is around 8% up from its lows, PLS too only around 8% from its lows, LTR around 28%. So direction is not great. Many Li stocks again looking very vulnerable to make fresh 52 week lows. Li macro does not look like any significant change in direction, yet. We wait. Every week when I see numbers, Spot is slightly, week after week, its not big, but down. that doesn't help.
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So what may happen next week? On Friday, US Li stocks had moderate drop. General markets big red. So a very tentative start on Monday, and then wait for Chinese stocks to provide direction.
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Here is the Figures for the Week:.
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