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. INR finished flat at 17. Nothing much of a play this week, playing around 17 whole week. Not getting any direction at all. Playing Li macro now. When it reached 22 couple of weeks back, I had written the play is similar to PMT, who got a big boost from mid 20s, but slowly succumbed to Li macro, it finished on 32 after having reached 43 recently. I had written, unless there is another significant announcement, INR may do the same. Some posters didn't like my comment, it seems. But the numbers tell the story, its now playing according as I thought and wrote. Key number is 14 on the low, 22 on the up, otherwise drifts.
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So what is happening in the Li sector play? A mixed play, but not unusual as it has happened before. The most recent story from trend perspective is that Chinese Li stocks want to go higher, are going higher, but US/ASX Li stocks not interested. In fact ALB a big dive this week
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Last week I wrote that things are not looking great for Li stocks. For several weeks I have been writing that if ALB does not hold 85/86 mark, very high chance it may fall below 80. It played accordingly. It has now fallen below 80. It made a new low of this phase at 76.70. It is now very close to making a new 52 week low below 71.97. Its on a touching distance, under 10%. Unless something dramatic happens, odds are high of this happening. It was just 2 months back, early December, it reached 113.91, over 55% from its low. Nearly all the gains have been given back.
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So what are the numbers?

• Ganfeng - After coming back from holidays and closed for over a week, started sedately but gained momentum. For the week it gained around 6%, moving from 33.08 to 35.10
• Tianqi - from 30.58 to 32.10, gain around 5%
• ALB - from 84.19 to 77.37, loss of 8%
• PLS/LTR - loss of 3% for the week

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Last week I wrote that things are not looking great for Li stocks. For several weeks I have been writing that if ALB does not hold 85/86 mark, very high chance it may fall below 80. It has now fallen below 80. It made a new low of this phase at 76.70. It is now very close to making a new 52 week low below 71.97. Its on a touching distance, under 10%. Unless something dramatic happens, odds are high of this happening. It was just 2 months back, early December, it reached 113.91, over 55% from its low. Nearly all the gains have been given back. Spot price in stabilising, very small drop for the week now. The gain which we saw recently, looks like taking a breather.
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So what may happen next week? Chinese stocks are doing all right and lets hope it continues. There have been divergence before as well, Chinese versus rest, playing differently. It would not look good if Chinese stocks too start falling. But if ALB and other US/ASX stocks start going up, removing the divergence, then odds of further fall will be greatly reduced. And then we could see Li stocks going up. lets hope it plays that way.
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Here is the Figures for the Week:.
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