TradingView
KozakHlib
Apr 27, 2021 10:52 AM

$SQM can rise in the next days Long

Sociedad Quimica y Minera S.A.NYSE

Description

Contextual immersion trading strategy idea.

Sociedad QuA-mica y Minera de Chile S.A. produces and distributes specialty plant nutrients, iodine and its derivatives, lithium and its derivatives, potassium chloride and sulfate, industrial chemicals, and other products and services worldwide.

The demand for shares of the company looks higher than the supply.

This and other conditions can cause a rise in the share price in the next days.

So I opened a long position from $55.69;
stop-loss — $53.81.

Information about take-profits will be later.

Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.

If you like my content, you can subscribe to the news and receive my fresh ideas.

Thanks for being with me!

Trade closed manually

Comments
lerouxjona
didn't happen. And I trusted you...
KozakHlib
@lerouxjona, I am a trader, not a predictor
More