LRS General Discussion, page-16963

This week could be a decisive week for us.
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Why do I say decisive? LRS sentiment, Li sector sentiment, and most importantly - the wind waves are all moving in the positive direction.
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The stock is looking strong. Last 2 days we did higher high, and a higher low. But I was disappointed that it didn't finish towards its highs. Anyway I picked more and hope that was an aberration that will be fixed soon.
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Last time we reached 28 was over 2 months back. I can see it coming, shortly, not sure next week though. Reason being we were not able to conquer 24 this week - so some small play is going which I am not understanding. Next week will tell the story better
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The way sector is going, including big gains made by US Li stocks on Friday, continued increase in spot price, I would be surprised if we don't get above 28 - its possible, profit taking, some correction etc. We can never predict accurately what is going to happen. No one can. I have seen stalwarts of Wall Street fall flat on their face - the biggest known names got it completely wrong. Just shows its not easy. Just shows that we can also get it wrong. Best is to follow price action. Best is to follow probability. And at this stage, the probability and odds to go higher is more than to go lower. Lets see if it is validated this week.

For those interested how stock is tracking against other Lithium stocks or who hold multiple Lithium stocks, I do a Weekly Report across 96 ASX Li stocks. It has got Weekly/Yearly data how stocks are tracking. I also have commentary across general markets and sector. Those just holding specific stocks, it may not be relevant, so please ignore.


Here is the report for this week.
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https://hotcopper.com.au/threads/sya-weekly-report.6951924/page-3#post-72715031
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