SSM broke out of the downtrend line in late June 2021, and rallied and formed a high of $1.030. This indicates its end of the downtrend. The current pull back has retested support and bounced off as of lately and forming a triple bottom pattern which looks quite bullish. I would be targeting the previous high of $1.030 (potential 16% gain) with a hard stop below...
One of my favorite ETF's to trade on the ASX is the ACDC battery tech beast. Its had a steady rise since the covid drop with over a 120% return so far, but we moved into a consolidation range with an upwards pressure since the start of the year. We have had a few touches on either extremes of this range and im expecting it to break sooner rather than...
88E is in a pull back phase. The current level is a decent support which is also a trendline support zone. If price action gets bullish at the current level, between $0.030 - $0.033, I may take a long position. If price fails at the current support and drops, then my 2nd Buy Zone is between $0.020 - $0.023 level. I may wait for bullish price action with...
AWC has broken out of its downtrend line and rocketed higher last week without any pull back. It may find resistance up in the $2.100 zone, and any pull back lower shall be a great buying opportunity. My area of interest is the old broken resistance zone between $1.780 - $1.80. Lets see how it goes. Please note these are my own notes, by no means trading advice....
LPI has pulled back towards it trendline support and has bounced off once. I believe it is expected to consolidate for a bit and continue its move to the upside. I am bullish LPI with my first target of $0.350 (potential 28% gain). Keeping in consideration the Bullish trend in Lithium, we could move much higher. My second target is $0.445 (potential 55%...
The trend is holding strong going upwards and momentum is building. Lithium demand is building especially as demand is outweighing demand in the near future
ASX:ORE Orocobre Limited is one of the world's largest & lowest cost lithium chemicals producers.The only ASX listed company producing high value lithium chemicals.
Nie change in market structure with that V bottom recovery on RLT and a sweet break and gap up off the next line. Already in a position but looking to start pyramiding orders on this pull back and trade the trend up. first target around 2.26 but chasing the 2.80 highs by end of the year isnt out of the question which is over 100% from the v bottom.
Breakout of the Higher High Lower Low set up with announcement the catalyst. The only lithium stock that hasn't run yet, looks like the start of a possible uptrend
LKE looks like an ascending triangle, may pop depending on market conditions and pending annoucements
PNI gives you all the indicators of an overvalued, overbought stock. It has had a crazy month so far but I don't think Pinnacle investment can keep up the trend anymore. 1. The volume is falling rapidly while the stock makes new highs. Not good. The last 5 days volumes are (498.2k, 414.1k, 385.9k, 332.5k, 229.1k). This is from the ASX website. 2. There is a gap...
The Reject Shop. Breakout on Weekly Macro chart. Looking for a push to $12 medium term. Tis the season :)
ENTRY: 3.71 SL: 3.50 TP1: 3.87 TP2: 4.26 - ADX>20 - RSI<50,RSI<70 - Daily RS +ve - Daily FFI +ve - Daily MACD -ve - Weekly RS -ve - Weekly FFI +ve - Weekly MACD +ve - Showed strength on 4 Aug 2021. - Retraced close to 50% Fib level (3.60) with lower volume. - Breakout of down trendline with high volume on 18 Aug 2021.
so a very special divergence has formed and from our top down analysis we can see a rejection creating a retracement which has led to a somewhat change in structure and the formation of a dropping wedge Such a Textbook setup is always bound to betray u keep ur guard up
Been following this for a little bit and took a couple of positions after the big retracement, not the best entries but still in profit, but more excited about the current formation towards the major resistance level. If we have another push towards that resistance at .40 we could see a break and start to really accelerate the trend and build new structure...