As Canada's largest cobalt miner it is undoubtedly positioned to benefit from the massive demand coming from electrification of cars & homes.
In technical terms, I see a Wave 1 with 5 clear subwaves with Wave 4 testing the top of Wave 1. Then, a completed ABC correction that could be Wave 2 in this potential large wave formation. If true, a powerful Wave 3 is to follow.
At this moment, its stock price has fallen behind the price of cobalt itself. After Cobalt rallied in November, it continued to make new highs into February. But many stocks did not. It could play catch up, but caution is warranted.
Zooming in, there is a month-long inverse H&S formation that could breakout.
Buying FTSSF with about a 10% stop from here.
In technical terms, I see a Wave 1 with 5 clear subwaves with Wave 4 testing the top of Wave 1. Then, a completed ABC correction that could be Wave 2 in this potential large wave formation. If true, a powerful Wave 3 is to follow.
At this moment, its stock price has fallen behind the price of cobalt itself. After Cobalt rallied in November, it continued to make new highs into February. But many stocks did not. It could play catch up, but caution is warranted.
Zooming in, there is a month-long inverse H&S formation that could breakout.
Buying FTSSF with about a 10% stop from here.
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A clearer chart:
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