Today I bought fair few GL1 at average 72c..For thothose...

Today I bought fair few GL1 at average 72c.

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For thothose interested, I do a Weekly Report across 96 ASX Lithium stocks, currently under SYA thread. I have been doing it for 2 years and it also has last 2 years data there.

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My first post in a long time. Last time I held GL1, it was in 200s. So we have come a long way. So why did I buy today, especially when Li sector sentiment is atrocious. Firstly, I feel risk reward may be good from here. Secondly, just on gut feeling, Li sector may be within 10% of bottoming, can't pick bottom, so started buying. And lastly, I was holding around 60% of my portfolio in Uranium stocks. I always write my personal situation on all stocks that I write. Uranium stocks made big gains last few days. I exited around 80% of that today, so had some coins which made it convenient to buy.

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I am always a follower of price action. I write that every time. Most times I am not able to justify market caps based on fundamentals. I do follow fundamentals, but for me key is price action. So if that is not good, I exit, without emotion. So here, if 70 does not look like holding, I will exit and then try another entry. Trend is important rather than price.

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So what can we expect next week? Firstly, Li sector sentiment to be at least neutral. Then hope shorters, if any slowly exit. Key numbers, 70 down, 90 up. I am hoping we see some upside. Will that happen? Let's hope so. Enjoy your weekend and all the best.