SYA Weekly Report, page-202

Weekly Review Li Stocks - 24th 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 looking very vulnerable. Last week finished at 2.4, this week 2.3. So not a big loss for the week. But coming down from 39c to 2.3 is a big drop. Has lost around 95% of the value. Also touched its 52 week low of 2.2 on Friday. Li sector in a bit of rough now, not sure Li macro is not great short-term, how will SYA handle it.
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Last week things were looking great. Very good odds of a run continuing. ALB had reached 99, rising from 85. Did not do the requisite 20% gain, towards 102 to confirm the uptrend though. Ganfeng had reached 36.39, close to the number of 37/38 I felt was required to hold for confirmation of uptrend. None of that happened.
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This week everything went kaput. ALB did not go above 99, did not scale 102/104 I felt was required for bullish play, instead, did 4 reds in 4 days of the week. Lost around 9% for the week. Ganfeng did not go above 36.39, instead finished at 33.60, losing around 6% for the week. PLS lost 3%, VUL lost 13%, WC8 lost 10%. LTR gained but pared its gains. So overall again in very concerning position. Tianqi had a big loss to state this week, stopped its expansion in Australia. Has painted a dismal situation for producers. At one stage Tianqi was down over 10% for the week, pared some late Friday, but still was down around 7% for the week. Spot price also looks like tapering.
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So what are the numbers? In any downtrend, ALB needs to hold 85/86, which marks around 20% gain from bottom, otherwise a drop below 80 is possible. Gangeng needs to hold 30, around 20% gain from its bottom. For any upside ALB has to regain 92/94 level, Ganfeng 37/38. Anything in between, stocks will drift with no direction.
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Chinese New Year is on, Chinese markets closed for over a week. That will also just not provide extra ammunition from uptrend. So not looking great, but things can change quickly. It changed from good to bad this. Could change from bad to good soon. Best to follow price action and not assume anything, for those playing short to medium term trades..

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Here is the Figures for the Week:.
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Figures for US Li stocks
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