Company Overview: Polymetals Resources Ltd (ASX: POL) engages in the exploration and development of gold projects in West Africa. The company holds interests in the Alahiné licence covering an area of approximately 64.2 square kilometers; and the Mansala licence covering an area of approximately 48.2 square kilometers located in the Siguiri Basin. Delta Lithium Ltd (ASX: DLI) explores for and develops lithium properties in Western Australia. It holds interest in the Yinnetharra Lithium Project covering an area of more than 3,100 square kilometres, located in the Gascoyne Lithium Province of Western Australia. This Report covers the Price Action, Technical Indicators Analysis along with the Stop Loss Levels, Target Prices, and Recommendations on these two stocks.
ASX All Ordinaries Index (.AORD) Market Round-Up
The ASX All Ordinaries Index (.AORD) ended the week at 9,303.20, rising 1.80% for the period to 20 February 2026. Gains were largely supported by strength in U.S. equity markets, which set a positive global tone and lifted domestic investor sentiment. Continued external momentum reinforces a constructive near-term outlook for Australian equities heading into the week ahead.
From a technical perspective, the index is trading above a key falling trendline, signaling a renewed shift toward upward momentum. This breakout has converted the trendline into a firm support level, confirming the strength of the current bullish setup. Additionally, the index remains above its 21-period Simple Moving Average (SMA), reinforcing this zone as an important near-term support area that could continue to underpin further gains in the sessions ahead. The upcoming macroeconomic events that may impact the market sentiments include an update on the AU CPI m/m, US CB Consumer Confidence, and US Unemployment Claims, etc., released weekly.
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