Li sector, I feel, is still in that crucial phase which I...

Li sector, I feel, is still in that crucial phase which I mentioned last week and felt it may continue for few weeks. It has certainly continued for another week with no clear verdict, yet. Things got slightly better this week, compared to last week. But is it enough to give hope of complete reversal, or give hope of 2022 type of boom?
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Overall we are in a better state than where we were in early September. Most stocks made their lows there. Most stocks rose 25 to 50%, average 30/35%. So that was Phase 1. Last 2 to 3 weeks, there is a pause. Now the question is - will there be a Phase 2 where we may see similar rises which we saw in Phase 1 or will we give it back? At this stage I feel sentiment has changed slightly, and I mean only slightly, towards the positive. We may not get Phase 2 immediately, but there is a good chance the gains of Phase 1 will not be given back easily. So its a much better play than what was happening for last 2 years from June 2022. So I feel, wait and watch, but with optimistic hopes.
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WC8 too made its low of 18.5 in early September. Now it has made 30s its home. So that's better. It has held the gains from its lows. But it has not been able to cross 45, or should I say 50. It seems its waiting for Phase 2. So wait and watch I feel.
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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 2 weeks, looked like confusion and uncertainty of what's going to happen for the sector. This week, that feeling has not gone away completely, but we had a positive week overall. Chinese Li stocks did very well rising 10% for the week. US and ASX Li stocks flat to slight gain. Previously when US and ASX Li stocks were rising, Chinese were lagging behind. Then they caught up. Now US and ASX Li stocks are holding the level, but Chinese have taken the lead. A good sign, there is hope that if this pattern continues, ALB may catch up soon. First it needs to get to the 102 level, but more importantly above 106. Ganfeng is around 34, it needs to get over 37. Both these numbers are important, firstly because they represent the big support they held while coming down. So may form a resistance going up. So would be good to get over them. Also both these numbers will represent around 50% increase from their lows. That level of increase gives confidence that we are no longer playing to make a new low, but our direction is different. So lets see how it plays out this week.