The world’s biggest lithium producer is ready to take off
We look for the price target at 75
Today entered volume (large), Candle shows strong purchases during the session, Volume Profile reflects high trading area at the level of 56
By development of Elliott Waves, it could be the end of Corrective Wave 4 (Correction to 23.6% of FIBO)
don't lose your seat in...
Just put some wings on this chart and you get yourself a mythical looking creature ready to take off. I'm entering calls this week. Cheers!
If you're not having fun with your chartwork, you're not doing it right!
Li-Cycle Corp said on Tuesday it will go public through a merger with blank-check acquisition company Peridot Acquisition Corp in a deal valuing the recycler of lithium-ion batteries at $1.67 billion.
The initial public offering is a bet on the growing need to recycle used batteries as well increasing demand for lithium-ion power sources for emerging products...
took a position in this battery company today for a couple months out.
why did i do this?? i like behind the big picture companies. instead of buying EV why not buy into the companies that help EV go.
this company would be prime example.
why buy apple when you can buy a companies that makes parts like skyworks! again another company that made me a killing!...
Advanced Silicon Battery Company Enovix to Become a Public Company Through Merger with Rodgers Silicon Valley Acquisition Corp.
Enovix is the leader in the design and manufacture of next generation 3D Silicon™ Lithium-ion batteries with energy densities that are five years ahead of current battery technologies
- Funded design wins with several blue chip...
looking for my fav fib Extension 1.618. Typically 786 gets tested B4 the 1.618 so if this go steady as she goes here .32c will be max profits taking for me. Then I look to either buy the dip or just move on and buy something else. Wash rinse repeat.
closed above the 20 EMA for the first time in over a month
looks to be the end of an elliot wave, looking to enter a new cycle
RSI approaching oversold position
relatively high short interest
any kind of catalyst will send this flying
levels are 52, 60, then squeeze to the 80 range. ultimate PT within 2-3 weeks: $100+
Looks like CBAT has finally bottomed out and found support at its old resistance at 7.
If you look at the Daily, it looks like it follows a certain pattern
Hopefully it can rides back to 9.
Traffic Light battery FTW
When the price opens above a significant resistance area it is known as a Breakaway Gap.
This is a bullish signal and indicates the start of a strong trend.
Although some would argue that gaps must be filled it is important that we identify what type of gap we are looking at.
Breakaway Gaps are usually backed by a positive announcement and in this case it is;
$NIO broke out of a month-long symmetrical triangle at the end of 2020 and formed a new high. It's been consolidating at highs for 2 weeks and broke out on Friday 1/22.
This opens up some new upside targets:
Invalidation under: 59.30
Leave some feedback below if you have any!
Romeo Power is a Southern California-based battery technology company for electric vehicles. What sticks out to me here is not only the pattern (See $FUBO recently for comparison) but the divergence between RSI (relatively strong) and Slow Stochastic (oversold). Based on recent price action, entry above 24.14 should be a clear entry.