Li sector, I feel, is still in that crucial phase where after...

Li sector, I feel, is still in that crucial phase where after making a big bottom, and then a decent rise of 30/50% across the sector, is in an uncertain state - Will there be Phase 2 of another 30 to 50% gain or we will give it back? Its the same thing I wrote last week. Nothing much has changed. This is what I wrote last week as well.
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PMT is playing very weak. Full stop. Not sure the reason, but it is. Till the time it regains 40s, I feel it will be very vulnerable and what could be the low, we don't know. Lets hope it recovers from here. I am hoping.

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This is what I wrote in my Weekly Report for Li sector on SYA thread, anyone wanting to know more about how 90 Li stocks have tracked, general market behaviour, other sectors, please look at my other posts as I post the Weekly Report on one thread.
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• Lithium Sector overview - Last 5 weeks I have been talking about, Li stocks have done their Phase 1 increase. Most had made gains of 30 to 50% from their lows. Then there has been a pause in last 5 weeks. But mixed play happening across different continents and different Li stocks within the same zone. Its very peculiar and may confuse what is really happening.
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• Chinese Li stocks doing great. Ganfeng came close to its 52 week high. Its currently sitting well above 50% of its recent low. Tianqi too around 60% up from its recent lows. So all good there. And its consistent.
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• US Li stocks, very mixed. ALB is close to 60% above its recent lows. But not SQM which is within 20% of its low. SGML 52 week high is 34, currently sitting at 12. So mixed play. ALB is the stand out. So leaders do make first move, so hopefully it will catch up.
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• ASX Li stocks, VUL is the standout, doing a new 52 week high this week. LTR/SYA/WC8/INR around 50% up from their lows. But both WC8/INR have lost around 30/40% from their recent high, but still good up from the low. But there are many stocks at or close to bottom. Small caps are suffering big. Mid-caps, equally bad, except a few like PLL. I am just talking about rise from bottom, not fall from top, which is another story. So in general, number wise, its very concerning and is still reflective of the sentiment still not being strong. Many stocks within 10/20% of its lows - WR1/AZL/ASN/PMT/GL1/CXO etc. Not good numbers there.
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• What the numbers seem to say that in order for gains to be made by most stocks, we need another phase, the Phase 2 I am talking about recently. Another 30/50% increase. It can be led by Chinese, it can be led by big stocks, but I feel we need it for sustaining the rise. Otherwise I feel it could be a slow grind, could even to be on the downside. Hopefully within next few weeks. Lets see