Uhmm, so what is happening here, is the uptrend intact?.Yes, LRS...

Uhmm, so what is happening here, is the uptrend intact?

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Yes, LRS playing slightly different game but came back to the party today. There was a good rise from 20 to 26.5, an announcement, which turned out to be, buy the rumors sell the news, started looking weakish yesterday, but did come to party today as many other Li stocks. From a weekly perspective, a slight drop from 26 to 25.5.

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So many may feel disappointed how the week played, especially considering we are down from last week. But is it that gloomy? I don't think so. First positive is that we had a scare, but have now got over that, and are playing Li macro. So if macro looks good, gains will be made. Secondly we touched 26. 5, highest number in over 5 months. Thirdly, Li macro sentiment is changing, and if it continues, we could see that elusive 35, oh before that 28 I feel.

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Personally I am holding from 23 in this phase. It came to my number this week, but I held. What I didn't do was to add more. The way I play, I will add more if it looks like crossing 28. This may not be the best way to play, but suits my risk reward, especially for situation it doesn't turn out the way we want, which has happened a lot in last 2 years, so please dyor.

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So what may happen next week? We are playing Li macro now. ALB in neutral state. I have a feeling it may finish in 130s tonight. We need it to get to 150 for a very bullish play. We will have to wait for that. One thing I have mentioned couple of times, CR just based on last year pattern. I am hoping they let it run for now, considering Li macro sentiment is changing, let it get over 35 and then take an action. Let's hope it plays out that way. Enjoy your weekend and all the best.