Ganfeng $39.60 , Abermarle $110. Your markers have been hit...

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12/11/24

08:53

Post #: 76557567
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Originally posted by dc1234: ↑

Li sector, I feel, is still in that crucial phase where after making a big bottom, and then a decent rise of 30/50% across the sector, is in an uncertain state - Will there be Phase 2 of another 30 to 50% gain or we will give it back? Its the same thing I wrote last week. Nothing much has changed.
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Last 4 weeks there has been a pause. As if everyone is waiting. Small excitements and then small despairs. But nothing much happening. This phase usually means small decline, just due to uncertainty. So many stocks are easing down from their recent highs. Nothing alarming yet, as it looks like consolidation. Overall we are in a better state than where we were in early September. 2 months on, stocks are higher, there is hope. I am just repeating for last week.
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WC8 is hovering in the early to mid 30s play - it has decided, that is its consolidation level. So nothing much happening for now. We wait.
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This is what I wrote in my Weekly Report for Li sector on SYA thread, anyone wanting to know more about how 90 Li stocks have tracked, general market behaviour, other sectors, please look at my other posts as I post the Weekly Report on one thread.
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Lithium Sector overview- Last 1 month I have been saying, Li sector looked very uncertain - still there this week. Phase 1 is complete. Bottom early September. Most stocks rising 30 to 50% from there. Phase 2 - another 30 to 50% rise, is in question. There are mixed signals at this stage. Chines stocks are doing well. ALB still doing all right. But many other US and Li stocks not so great. This week LTR/PLS/ALB stayed in green where other stocks finished in red. This is not unusual. When the sector rises, its led by big stocks. They make the first gains. Others follow. So at this stage, based on that theory, we may be doing all right. But as I have said multiple, ALB has to stay above 106, Ganfeng above 37. Couple of weeks of that, and most Li stocks would have gained another 30 to 50% - Phase 2 jump. It has not yet happened. There have been attempts, but not successful. Sellers keep coming back at those levels. So a big hurdle, an important one. We don't know what's going to happen. Its difficult to say. Best to have an open mind. Follow price action. But be ready to capitalise if it does happen. I am in that camp, not sure, but preparing

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Ganfeng $39.60 , Abermarle $110.

Your markers have been hit dc1234.

looking forward to your report this Friday
WC8 Price at posting: 33.0¢ Sentiment: Buy Disclosure: Held
8 Upvote

2 Great analysis

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(20min delay)
Last 13.0¢		Change 0.000(0.00%)		Mkt cap ! $174.7M

Open	High	Low	Value	Volume
13.5¢	13.5¢	12.8¢	$487.4K	3.748M

Buyers (Bids)

No.	Vol.	Price($)
32	1967213	12.5¢

Sellers (Offers)

Price($)	Vol.	No.
13.0¢	5577	3

View Market Depth

No.	Vol.	Price($)
30	1876041	0.125
12	710314	0.120
8	379185	0.115
7	793083	0.110
2	700000	0.105

Price($)	Vol.	No.
0.130	253829	9
0.135	350966	12
0.140	285162	6
0.145	491864	10
0.150	1028543	6

Last trade - 15.46pm 18/06/2025 (20 minute delay)

WC8 (ASX) Chart

Ganfeng $39.60 , Abermarle $110. Your markers have been hit...

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Ganfeng $39.60 , Abermarle $110. Your markers have been hit...

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