WR1 General Discussion, page-22514

Just another weekly update.

Back again to play around prices I mentioned?

Last week I write that if we lose 122 CR number, next two numbers are 118 and 112. Today's trading was very indicative of how important 118 was. A lot of play around that.
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So we are now playing in another territory. Last week was about holding CR price of 122. This week it was all about whether 118 will be held. We did so, but barely.
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Next price action, for upside regain 130 and more importantly 140. Downside - its key to hold 112, if not, we may drop towards $1 - possible, so not to be ruled out.
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Personally, I wrote last week that I had exited my position at break even around 130. Have not bought back. Unfortunately, Li macro very weak, big drop on US Li stocks, yet again. So will be watching 112 now. hopefully it doesn't get there, but best to have an open mind. If 112 doesn't hold, next play is at $1. I will surely be buying there - don't expect to be there, but we never know. Don't bash me, I am just following price action, think about Li macro, its not me to be blamed. All the best.