Buy signal at 30.25 $
Timeframe - 1 week.
Sociedad Quimica y Minera de Chile S.A. (SQM), is a producer of potassium nitrate and iodine. The Company produces specialty plant nutrients, iodine derivatives, lithium and its derivatives, potassium chloride, potassium sulfate and certain industrial chemicals.
It's interesting for me due to mining of Lithium. Which is...
Could retest 30c to form Inverse H&S before breakout of falling wedge structure.
Could continue its run through the final resistance of falling wedge (Red Line) and commence bull run.
Moral of the story: Watch the breakout of the red line.
