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Lithium

GL1 (ASX) - Potential swing set up long Following the impulsive movement up since the March 23rd low, the chart formed an expanding flat which is followed by another smaller expanding flat. The longer the build up, the bigger the potential down the track. Usually a bigger impulse (after the flat) followed by consolidation is more desirable. If you look further back at the market structure, this ticker has reached $3. Have a tight stop here whatever you're trading style if you jump in without further confirmation signals. (I would use a 5-7% stop loss). I am only looking at charts here, not fundamentals.
ASX:GL1Long
by Itachi239
$LPI long (B wave potential here)LPI has experienced an impulsive 25% drop after Chile announces that it will nationalise its country's lithium supply. Private companies will be forced to work with the state to develop the local industry. I have not looked in depth into Chile's lithium industry and the potential long term consequences but the market demonstrated how it felt about the announcement. SQM fell 17% and Albemarle fell 9% (both in the top 5 largest lithium companies in the world). It is no surprise th From a charting perspective, this looks like a clear running flat but could also become an expanding flat down the track. The impulsive C wave down could also be interpreted as the end of a new A- wave. This could mean that there B wave potential here for a swing.
LLong
by Itachi239
QPM LONG (ASX)QPM's debt financing is making progress. An important milestone was reached with a German supplier collaboration agreement as well as German Funding support. German companies Plinke GmbH and Andritz Separation GmbH & Siemens LTD have agreed with supplying a significant proportion of capital equipment required for the TECH PROJECT. Germany's Export Credit agency provided a tied loan guarantee of 500 million and Kfw IPEX confirmed an interest in providing 250 million. QPM currently has A$1.4 billion in conditional debt funding. Investors await the potential debt commitments of K-Sure and other commercial banks. Investors also await an equity component here. QPM has done exceptionally well despite the economic climate but it is important to be objective as their 2.1b capex total remains a significant hurdle. A high level of risk is still involved here (despiting Stephen Grocott and his team continually derisking this project!). I have personally reduced my holdings out of concern of current macro conditions. From a charting perspective, QPM has been in a deep downtrend since October 2022. QPM has experienced reprieve after the german supplier collaboration on the 4th of April. Without it, the ticker was in the doldrums experiencing a death cross on 7th December 2022. Any impulsive movement above the top trendline (15c to 17c) alongside a corrective flat in that range will constitute a buy signal. Any movement like this would probably coincide with further debt financing progress. Can Stephen Grocott and his team bring this home?
ASX:QPMLong
by Itachi239
2
PLS Long (ASX)The C wave from March 2023 demonstrates bearish movement from falling lithium spot prices and a bearish macro environment. The C wave movement has turned this from a running flat to an expanding flat . Interesting to watch market psychology is at play here as participants sold PLS down despite a 1.2 billion in profit and a maiden 11c dividend paid out. Prices reached as low as $3.5 during this period. This could either be a completed expanding flat or the C wave in this flat could actually be the beginning of a new A wave. As demonstrated by the 2016 to 2020 corrective flat, prolonged consolidation lead to a 35 bag movement. Regardless of whether it's the beginning of a new A wave or the end of an expanding flat, consolidation is healthy. Expect short term upside too. PLS long for the next decade. ** Note: During the end of March 2023, Albermarle attempted to acquire LTR. The big players are accumulating despite bearish sentiment.
ASX:PLSLong
by Itachi239
CXO LONG (ASX)Moved from a running flat to an expanding flat . Spot lithium prices have fallen 34% in the month of March, highlighting a slowdown in demand caused by contractionary monetary policy. The spillover effect onto major banks indicate a stronger possibility of further downside which may lead to a recession during summer (US). Downside is clearly linked with a number of macro factors including Fed induced banking crisis (SVB) and dropping lithium spot prices. Lithium stocks have dropped significantly in March 23 so will be expecting more corrective movement for now. The world is moving towards electrification and CXO is now a producer. My forecast is that CXO will exceed $2 in 12-18 months .
ASX:CXOLong
by Itachi239
1
$TKM - TREK Potential swing back up.TKM had a huge move on the 3 Nov on the release of the below High grade Assays. Looking for it to trade back into that range marked out on the chart which it currently is. The range low here is key. I'm looking for a reaction off the range low, OR a break below range and a Deviation and reclaim of the range low would be bullish and my trigger point to enter long. Cut all below orange line. PIPs are big risk is big, Looking at LIT ETF for confluence looks like it may be at a relative support zone . NOV 3 announcement TREK METALS LTD ( $TKM $TKM.ax ) has released " High Grade Lithium Assays of up to 3.07% Li2O at Tambourah
ASX:TKM
by gillman_hugh
Lithium Brine Penny Stock Long HereI traded this ASX name on the OTC at its 3x breakout last year and I've kept my eye on it as it has floated slowly back down to the breakout zone. Notice the patterns in the Relative Strength Index before it broke out, and notice what it is doing now-- easing and curving up. The ASX stock has bounced hard on support, so there is some arbitrage between the OTC and ASX tickers right now. I think that it's likely we see a similar parabolic move up if we break out of this descending wedge. Watch for headlines about their lithium brine project: that will most likely be the catalyst.
OTC:ANSNFLong
by sdeutsch95
SLI | Lithium Play Oversold | BounceStandard Lithium Ltd. explores for, develops, and processes lithium brine properties in the United States. Its flagship project is the Lanxess project with approximately 150,000 acres of brine leases located in southern Arkansas. The company was formerly known as Patriot Petroleum Corp. and changed its name to Standard Lithium Ltd. in December 2016. Standard Lithium Ltd. was incorporated in 1998 and is headquartered in Vancouver, Canada.
AMEX:SLILong
by DivergenceSeeker