Short term Trade Plan:
- Bounce off of the 22 zone or 19 zone.
- Need to find a MACD Cross move which looks like it is gearing up for this coming week
- August 4th is the earnings announcement which Wall street expects a 12.5% improvement over last earnings.
- Looking to capture a 5-10% move this coming week.
Long Term Trade:
Although I have day traded the pattern often between the 19-22 zone the past few weeks, I do however have a long term position on this one as well. As demand continues to build around the world, the need for lithium will continue to be important. Especially to our North American economy. This company has the fundamental capabilities to be a solid swing for strong ROI. My thoughts on this is driven from both company infrastructure and plan to US political support in the future ahead here.
- Bounce off of the 22 zone or 19 zone.
- Need to find a MACD Cross move which looks like it is gearing up for this coming week
- August 4th is the earnings announcement which Wall street expects a 12.5% improvement over last earnings.
- Looking to capture a 5-10% move this coming week.
Long Term Trade:
Although I have day traded the pattern often between the 19-22 zone the past few weeks, I do however have a long term position on this one as well. As demand continues to build around the world, the need for lithium will continue to be important. Especially to our North American economy. This company has the fundamental capabilities to be a solid swing for strong ROI. My thoughts on this is driven from both company infrastructure and plan to US political support in the future ahead here.
Comment:
Successfully broke the 1st level of resistance