WR1 General Discussion, page-35494

Weekly data and thoughts.
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Please not that all my views are for short-term only, and I could be wrong, so please dyor.
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Lithium Sector Overview -
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.From a weekly perspective, WR1 remained flat on 13. There was a slight change, in volume. A better volume, and no new 52 week low this week. And that is saying something. But no big signs yet how it will get out from here. But if Li macro improves, it will find a way, like many other Li stocks.
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Personally, I picked a few Li stocks this week after long time, and surprisingly for so many detractors, I did pick up some WR1 at 12c this week. Not because of WR1 to be honest, but was liking how sector is trying to move. . I have been playing WR1 for over 4 years. I bought at 18c going up, played around 250c on top, and plays in between. My last play was in 50s/60s sometime back - it was neutral to slightly positive, because I exit on small fear. I will do that again if I feel the fear. For now, how the sector played this week, I am feeling warm, hence bought small amount. Will double next week, if sentiment doesn't deteriorate.
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Major price action indicators -

• ALB - MONSTER week with a gain of around 15%. and now back over 20% from its lows - reached 66.67, nearly a 3 month high
• Ganfeng - MONSTER week, gain of around 12.5% for week, Tianqi gain of over 10% - big week
• PLS/LTR - MONSTER week, PLS gain of 12%, LTR gain of 10% - matching double digit gains of key indicators
• Spot Price - Good, hopeful week - Back in green for the week, a gain of around 1.2%, so second week in last 3 weeks with a green, a rarity for so long

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So what do these numbers say?

• For the first time in long time are we seeing something very different on price action
• All previous plays, there was one very noticable feature - all jurisdictions never went in tandem. When Chinese increased, US still lagged. When US went ahead, ASX lagged.
• I have been reporting numbers for a very long time, but for first in long time, all 3 jurisdictions are going in tandem. All big stocks in the 3 regions had a massive gain of double digits
• All big stocks key indicators I track are above 20% from their lows - first box ticked
• Some new announcements like AGY also bringing hope
• We have a long way to go, but there was nothing not to like this week. But based on past experience, we need at least another couple of good weeks before an average punter may be convinced of a reversal. For Li diehards, this week's number may be enough.

Personally I have been consistently writing I am not playing LI stocks fora very long time. This week, after a very long time, I have dipped my toes in the sector. Not much at this stage, but first time in a long time. Have picked up around 6 Li stocks, but small numbers now. If things continue like this week, or should I say, levels are held and its now going back, I feel may double my small holding this week.
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So what may happen next week? On Friday night, US Li stocks were in green, moderate though. So we can start with a smile, and then Chinese stocks will provide direction.
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Here is the Figures for the Week:.
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