MLS Weekly Report, page-8

Weekly Review Li Stocks - 6th May 2022

Here is the weekly review figures and charts that I do every week. It is useful only for those interested in trading or those who hold multiple shares and based on performance would like to keep re-balancing as we go. I do hold a number of Li stocks and like to trade. This is the reason I include a number of Li Stocks in my analysis.

Please note:
This is no reflection of all AU Li stocks as I have only included those that I am interested. In my list are shares that I hold, held before or planning to buy in near future. Since this is my list, I may have missed some good stocks. The averages are simple averages and not weighted averages. So the average don't reflect AU Li average. This is just for my tracking and analysis.

This week I have not added any new stocks. So my list has 31 Lithium stocks.
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This week I am bit occupied so have not been able to do a proper Diary with commentary etc. Have just done a quick Price targets for both the cases - if our decline continues or if there is a reversal. This can change on a catalyst/event, so to keep an eye on. We are going along with general market - dow/asx - so to keep an eye on them.
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As mentioned few weeks back, have changed the format, removed lot of commentary and now share my weekly diary - my holdings, my plans for the week. Caution around Diary - This is just my opinion/plan. Probability wise I person can be wrong many times, even all the time, so please use information accordingly.
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Something to keep in mind this week:

• ASX Macro is in decline/turbulence. Talks of recession/bear/correction etc. My plan/diary could change as I see this unfold.
• Li stocks are in decline now for over 5 weeks. Dow has declined for 6 weeks and SP500 for 5 weeks. It looks like we are going along with broader market than Li specifically.
• So although Li macro is still strong, it has not been able to decouple from general market - something to keep an eye
• Things are unpredictable at this stage, have to take each day as it comes. Individual risk appetite and expectation will determine if to keep on holding, or buying the dip or sell and be on side lines for a firm reversal. For me it will be mixture.
• There will be some down days for sure, hoping for few greens.
• Monday could be interesting - although dow was in red but did not fall much. How asx and Li stocks react would be one to watch - it may provide direction for future

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Here are the figures for this week:
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DIARY - Only Price Targets for this week on decline and on reversal.
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