Last week I asked - Is 18 the low for this phase?.Yes SUM had a...

Last week I asked - Is 18 the low for this phase?

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Yes SUM had a moderate drop from 20.5 to 18 this week. Volume drying up last couple of days.

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So what is happening? Fishing for bottom. The whole week was about finding where the bottom could be for this down phase. Many times, like last week, 18 looked vulnerable. But it held. this week too. 4 days it made a low of 18. It held. What does it mean - is 18 the low? Not sure. Unless we get decisively over 25, I don't feel we know what's happening, at least I don't. So uncertain state for me.

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Personally I am still holding, though I bought and sold a few. I am still holding, not very convincing play though. My heads now at 21.5, from 22.5 last week, and oppies at 7.1 down from 7.2 last week. So am down on both for now.

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So what may happen next week? 18 needs to hold. Any intra-day dip is still fine. Technicals are driving for now. Its an open play now, with no clear play I can see. One or tow big players can change things in this side of play, so difficult to say. Overall still optimistic that we may see 30s in not too distant future, but please dyor.
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For those interested how the stock is tracking against other REE stocks or who hold multiple REE stocks, I do a Weekly Report across 30 ASX REE stocks. It has got Weekly/Yearly data how stocks are tracking. I also have commentary across general markets and sector. Those just holding specific stocks, it may not be relevant, so please ignore.

Here is the report for this week.
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https://hotcopper.com.au/threads/sya-weekly-report.6951924/page-3#post-75059145