VULCAN ENERGY RESOURCES LIMITED is up +30% from it's recent Lows and possible Double Bottom. Still needs a further +10% to break above the last recent High.
The Chart should be self explanatory.
The Lithium miners are seeing a recent boost after a severe Bashing Down and are now might be seen as undervalued.
Congratulations if you got in @ the Lows.
As always, please get a few outside Expert's Advice before taking Trade or Investment decisions.
If you appreciate my Chart Studies, Smash That Rocket Boost Button. It's Just a Click away.
Regards Graham.
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Price Action is also now above the EMA's and 1D VWAP which is Bullish. I must study others to see if this is why we often see the Lows Re-Testing, thus creating a Double Bottom Scenario.
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Now at a Potential Resistance Level +-$3.50 Trust the Momentum Pushes Higher. The Trend Cloud is still Positive on the 4H. IMACD = Green. 4H
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Retracement to the 50% FIB. If all bodes well, should resume the up Trend.
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OOPS: Retracement to the 38% FIB. If all bodes well, should resume the up Trend. Needs Conviction.
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Conviction Working for now. I do expect some profit taking though.
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Holding the Trend. Expect more Upside on this One.
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Trading View forecast is an amazing $11 = +150% from here?
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Australia's Vulcan Energy rises on funding interest for Germany project.