I know you may follow one stock and feel everything is happening because of that stocks.
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I follow 90 Li stocks, some US Li stocks, some Chinese Li stocks. There is a pattern. Going up and coming. Not every stocks will exactly follow that pattern. But overall, a s a guidance, majority follow that pattern.
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You may think its about INR - what happens there determines the price. Someone may think its about LTR only why price is down or what will make price go up. Someone else about SYA news only determines its price. Holders in each think that what's happening in their stock, news etc is driving everything. Its only after one broadens one's horizon, and looks at all 3, we see a pattern. Of rise and fall.
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My read of the market at this stage is that unless there is a takeover, there may not be a big up side. Any news, we could get spike, but to a limited degree. PMT which reached over 200 on its peak, reached 24 in its low. It got a good announcement. It brought it back from is lows. But still struggling to get over 40. Why is that? It got the boost. But that's it. It still needs a good macro, Spot price, ALB/Ganfeng to rise. I can assure you, at this stage of market, if ALB/Ganfeng/Spot price is going down, it will be very difficult for INR to make major gains, unless its something so ground breaking. As holders we always think and hope that the next ground breaking thing is just round the corner, one of the reason we hold.
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I am no guru. I provide data to others. I provide my interpretation of data. Like everyone else, I get some right, some wrong. I wish you well.
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