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There are 3 main technical indicators. We first see that the current upward trend started after the 50 day EMA crossed the 20 day EMA . In late june the 200 day EMA crossed both 50 and 20 day EMA . Around that time we could also notice the huge volume spike. After the huge crash during the financial crisis this is the first sign of a stable upward trend. if the volume keeps increasing FUSEF will have a huge potential.
If we ignore the technical indicators the cobalt industry is currently in the rise. In the next 10 years we will see a huge demand for electric cars and by 2030 we can expect around 30%-50% of the car industry to be electric. this will lead to a huge demand for cobalt. To invest in cobalt gives you more security than investing in a electric vehicle brand because the cars are going to be produced anyway, no matter what brand is going to take the lead, cobalt will always be demanded for production!
If we ignore the technical indicators the cobalt industry is currently in the rise. In the next 10 years we will see a huge demand for electric cars and by 2030 we can expect around 30%-50% of the car industry to be electric. this will lead to a huge demand for cobalt. To invest in cobalt gives you more security than investing in a electric vehicle brand because the cars are going to be produced anyway, no matter what brand is going to take the lead, cobalt will always be demanded for production!
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