Global Lithium Hi guys. In my humble opinion LIT has a good chance of bouncing off the support and continuing the slow but steady uptrend along with many other commodities. Thank you for taking a look.
Lithium
Tesla's Mining CompanyGoing to analyze this chart to get a good idea of where its going and when it will move in value, but this one's a goodie!
Happy Trading!
Alexander DeGroat
Lithium Long Term ExpectationsRight now investing in Lithium for short is high risk. If you were to invest in it, it would be better for a long term holding that is at least a year. That way it will still be risky, but you are to expect some minimal returns. Late 2018 to mid 2019 will expect a potential rise in the price of Lithium because of EV startups. Since many companies are going to be using Lithium ION as a source of power it will transition to a higher demand but less available supply for purchasing meaning some small upward trends.
LK9 short term short looking for new long entriesCurrently waiting for confirmation for wave 4 and will take small short position aiming for current reentry levels on the long side @2,26 @2 @1,64.
medium to long term targets for the long positions start @3,54 and @5 respectively.
Lithium Power Flag Breakout $LPILPI has consolidated the last move from 30c to 45c and now clearly broken the down trend on significant volume.
The company will be strongly motivated to get the LPIO options "in the money" to take advantage of the $20.6m capital available if converted therefore strong new flow is expected.
Flag break gives a target of 53c, options require 55c before being of value
LIT: Long term Long, looking to add onAnother favorite which i almost forgot i had. Entered a while back at 24$. working out just perfect so far and actually growing at a faster pace than i had anticipated. Going to add on to my position here substantually. as always a 3rd position @ 34$, a half position @ 33$, and a full position @ 31$
Pinbara PLS.ASX - lithium minerSo far we could see modest pullback with decreasing volume. There are clear supports level incl. gap, Lets try to scale in with long term core position targeting .85 (and above) & short term position targeting .60.
NMT - lithium miner preparing for new uptrend?Good volume last week. Looking to go long with weekly close above 0,32, ideally with volume.
Second choice is at the base of triangle.
Sorry, the chart is too enlarged, I can´t edit it,
AVZ - new lithium miner developing? Strong momentum from last week seems to be lost. Looking for consolidation & breakout from new base.
Possible change of LT trend in GXY - lithium minerSo far holding nicely. Looking to go long during pullback. Because of heavy shorts position, shorts squeeze coming?
Strong momentum - lithium miner PLSLooking to add to position during possible pullback or after breakout of 0,60 resistance. Scaling in/out during trend with partial positions.
200-day Mansfield relative strength index for stage analysisAs per Stan-Weinstein's book The Secretes for Profiting in Bull and Bear Markets, 200-day Mansfield relative strength index is an important indicator to determine the stage of a stock. The basic calculation is using the close price of the subject stock and close of a benchmark index using the following formulae:
a - subject stock
b - benchmark index
SMA (x, p) - simple moving average of x over the period of p
MRSI200 = (( a.Close / b.Close ) / SMA (a.Close / b.Close, 200) - 1 ) * 10
Strong bullish sign on LAC. Consider entering on its pull back in the range of 1.3 - 1.5.
$LIX bullishTrend contunination triangle.
Huge market for lithium, with the up pace of electric cars being the driver.
MGX Minerals MineMonthlyAs previously published, I longed that mining stock directly via bank, from 0,664 .
This is a pretty cheap mining stock, that correlates even with gold.
Nice juicy risk to reward ratio
You could even hold it for years.
I'll hold it at least for 6 months and check up on it again, since gold and silver are in seasonal major movements to the upside.
See ya at the top folks
MGX Minerals IncBought this mining stock in lithium , magnesium and silicium.
A pretty nice mining stock with being in it from its "start". Nice potential. News to this company fit in.
Bought at 0,664 € / share
LIT Daily Chart LookI am a believer in the Lithium market, this is a good ETF to follow; it has been stuck in a channel and currently hovering around a soft resistance $29(ish). If it can break the resistance up then I am watching for $30.50+
GXY currently in previous consolidation zone + Forks Purple lines indicate previous consolidation zone in JUL/AUG. Forks show a nice upwards trend hovering at the upper prongs 50% level and the black support line seems to be holding up well too. All systems go here when we pass the 49-50c area to the depth of the cup and handle pattern indication of 66c
GXY:ASX - another strong breakout in ASX lithium stockI missed this breakout /I concentrated to other similar stock PLS/. I hope there will be pullback to 0.44, which will allow better RR. But I am afraid there will be only north on the compass.
First shipment from GXY mine will be sent soon:
www.galaxyresources.com.au
Pilbara Minerals Breakout - long - lithium projectPossible breakout from 4 month rectangle. Daily/weekly close above S/R zone, above fib, price above SMAs. possible impulsive move as in Apr/May.
Developing fundamentals - emerging lithium mine in Australia. PLS-ASX
NEOMETALS ASX - prebreakout from the channel, lithium minerEstablished long position before anticipated breakout from the channel. Another lithium stock ASX:GXY already in strong uptrend - red line in chart.
Target 0.50, SL 0.26, RR 2.0
Will add after daily close above 0.37.
