SQM: Huge base, retrace gives a low risk buy...

Chilean lithium miner $SQM offers a great low risk trade here. There is a gigantic basing pattern, and a breakout that confirmed a huge trend signal here. Price now retraced into a buy zone in the weekly timeframe, while we have a bullish 50/100 EMA crossover in the daily chart. This might attract some attention to the stock. Interesting idea here, I would buy with a stop loss below the red dashed line on chart.

Targets are shown by the cyan boxes on chart, both upside and time duration of the projected trends.

Cheers,

Ivan Labrie.