LRS General Discussion, page-19100

Playing the macro.

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From a weekly perspective, no change in price, steady at 20. Volume still very good, so lot of interest and change in hands happening.

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So what is happening? When the PLS announcement was made, it started on 18. Now early 20s is its home. So not bad. It's obvious now price will play according to PLS unless another announcement comes. And PLS may play macro. So at this stage, I feel that is what is happening.

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Personally, as I wrote last week, I will give it a miss. Also because I am not playing Li sector currently, waiting for some signs of reversal.

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So what may happen next week? Li sector in better position than last week, but not much. ALB has done well and currently playing in 90s, up 30% from its lows. So there is good hope. It has held this level, rather strongly. Ganfeng is playing truant though. Made another 52 week low this week, though recovering today. It needs to rise another 20% to give good hope. Otherwise we may still have to wait. General markets are playing well, so no danger from there. So signs and hope of reversal building. Let's hope we get more positive signs next week. Enjoy your weekend and all the best.