Weekly Review Li Stocks - 7th Feb 2025Here is the weekly review...

Weekly Review Li Stocks - 7th Feb 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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Three weeks in a row SYA has finished the week at 2.3. So not getting much direction at this stage. It did show some intent this week, after another 2.1 on Monday, reached 2.6 on Friday, but could not keep the gains by the end of the week. A very familiar story for lot of holders. Hopefully things turn around soon.
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So what is happening in the Li sector play? A mixed play, but not unusual as it has happened before. The most recent story from trend perspective is that Chinese Li stocks want to go higher, are going higher, but US/ASX Li stocks not interested. In fact ALB a big dive this week
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Last week I wrote that things are not looking great for Li stocks. For several weeks I have been writing that if ALB does not hold 85/86 mark, very high chance it may fall below 80. It played accordingly. It has now fallen below 80. It made a new low of this phase at 76.70. It is now very close to making a new 52 week low below 71.97. Its on a touching distance, under 10%. Unless something dramatic happens, odds are high of this happening. It was just 2 months back, early December, it reached 113.91, over 55% from its low. Nearly all the gains have been given back.
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So what are the numbers?

• Ganfeng - After coming back from holidays and closed for over a week, started sedately but gained momentum. For the week it gained around 6%, moving from 33.08 to 35.10
• Tianqi - from 30.58 to 32.10, gain around 5%
• ALB - from 84.19 to 77.37, loss of 8%
• PLS/LTR - loss of 3% for the week

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Last week I wrote that things are not looking great for Li stocks. For several weeks I have been writing that if ALB does not hold 85/86 mark, very high chance it may fall below 80. It has now fallen below 80. It made a new low of this phase at 76.70. It is now very close to making a new 52 week low below 71.97. Its on a touching distance, under 10%. Unless something dramatic happens, odds are high of this happening. It was just 2 months back, early December, it reached 113.91, over 55% from its low. Nearly all the gains have been given back. Spot price in stabilising, very small drop for the week now. The gain which we saw recently, looks like taking a breather.
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So what may happen next week? Chinese stocks are doing all right and lets hope it continues. There have been divergence before as well, Chinese versus rest, playing differently. It would not look good if Chinese stocks too start falling. But if ALB and other US/ASX stocks start going up, removing the divergence, then odds of further fall will be greatly reduced. And then we could see Li stocks going up. lets hope it plays that way.
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Here is the Figures for the Week:.
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Figures for US Li stocks
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