SYA Weekly Report, page-201

Weekly Review Li Stocks - 17th Jan 2025

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.I also have performances of Li stocks for 2024 and 2023 - for those interested in looking at longer term view.

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. I have both ASX and US stocks in two separate figures.

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Please note that all my analysis are from a trading perspective looking at short-term view.
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This week I have not added any new stocks to list, so my list still contains 90 stocks.

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.Lithium Sector Overview -
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SYA needs to cross 3 and stay above 3 for any recovery. Hopefully get towards 3.8, the biggest resistance for a long time.
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Yesterday ALB reached 99, closed at 97. I had written yesterday, that first step is to hold 92/94. Next is to get to 98. And then to 102/104. Looks like first 2 nearly there. We need confirmation. But its looking. Odds that the 85 is the low of this phase has considerably increased after crossing 92/94 level. Gangeng needs to reach 37/38 level - around 50% high from its lows. A mix of these 2 happening will raise the bar of most Li stocks.
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The Spot Futures also rising. Not very huge at this stage. But first step was to arrest the slide down. Slowly move up in second phase. Then a dash later. So looks like in second phase now, which is good, considering what has happened last couple of years.
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General markets are also looking like coming back -

• SP 500 after making a high around 61k was doing back test. It could have gone 5%, 10% or even 20%. It dropped nearly 5% and is now coming back. So that is very positive that the drop has been minimum.
• Gold, Silver, Oil, all doing well.
• Bitcoin in another rampage at 102k now, looks like 110k is next target.
• VIX after going above 20, now under 16, very bullish
• Sentiment Indicator is at 38 Fear. Only indicator that is not supporting the bull case. But its a lagging indicator, so may pick up as stocks do.

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So overall the stage is set for another run. Although lot of steps to be covered, but if Li stocks get over their end of October/November highs, very good chance of making much bigger gains. We have all heard that before, so one needs to still be cautious and do their own research, check risk/reward etc.
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Here is the Figures for the Week:.
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Figures for US Li stocks
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