WHEN IS PP?, page-138

Weekly data and thoughts.
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.Lithium Sector Overview -
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PMT needs to cross 43 for a start. Next level to cross is 50. Once these are scaled, we might look for much bigger play, with the help of some news, macro, etc.
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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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