Lithium
NIKLF Rounding BottomInteresting mining stock.
How long will the commodity boom last?
Technically speaking, this is a textbook example of a rounding bottom.
The primary issue I have with this idea is the relatively short amount of time that the pattern has taken to carry out, although this may just be a product of a late-stage bull market and massive liquidity injection.
$RMO grab it before its hot*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
My team has been analyzing lithium-ion battery company $RMO for the past couple of months waiting for the right opportunity enter this battered down gem. Today was that day. My team anticipates players who are interested in $RMO to begin adding while shares are still cheap for a nice run-up into earnings.
We entered $RMO today at $4.45 per share and have set our first take profit at $5.25. This would be a percentage change of %18.
Earnings are expected to be released on 11/14/21. This date is subject to change.
ENTRY: $4.45
TAKE PROFIT 1: $5.25
TAKE PROFIT 2: $7.00
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SLI - Standard LithiumOpened half-sized position on strong move over two important pivots. No earnings as of yet which would normally be a red flag, but strong volume patterns all over this lithium company's stock make it difficult to ignore. Other lithium stocks ($ALB $LAC) showing strength & look like they're ready to break out of bases. $SLI displaying relative strength within its group by breaking out ahead of these other lithium stocks.
Stop loss below Monday's low.
$AVZ- Very close to Breakout. Possibly this coming week Lithium stocks are making a rebound after the cooldown
$LAC Textbook Cup & HandleI'm long here. Breakout retest with nice bullish confirm so far...
Given $24.5 holds, calculated move to upside $30 PT . Earnings upcoming could send it. Let's see how price action looks next week. Lithium, EV, Uranium, precious metals all in for a Q4 run it looks like.
Regardless, from a technical perspective this is text book Cup and Handle and I'm excited to see if chart plays out :)
OWRDF Lithium Energy BULLISH!keeping it simple,
retraced perfectly to the 618,
squeeze indicator pushing positive
oversold RSI, continuing to rise
broke out of wedge into new resistance.
recent news about new diamond drilling started last week announced.
this is a new emerging company, huge potential gains, VERY SMALL MARKETCAP
energy sector is huge right now and will continue.
LITHUSDT - Accumulation phase.. Watch for bullish momentum!Watching for a change in Market Structure.
Sideway accumulation, Confirmation of bullish momentum is key here before making a move.
Break and retest of 0.03c area = Entry
Invalidation - Break of current support
$PLL looking goodMaybe I am jumping the gun with this one, but #PLL is shaping very well.
Constant bull pressure to pull the stock back from strong support around $0.67.
If it can only break the resistance this time.
20-30% play in short term. DYOR.
Disclosure: Hold
LAC targetsLAC has been printing a very bullish pattern in the chart
Like in my previous post, it forms a double bottom and expected to hit $25 - which now is almost hitting. The daily candles has bene bullish and it's expected to break the resistance at $25. So what's next? being bullish on this stock, the next target is $37.How do I arrive at this price?
Usually it takes time for the chart to take a more reassuring pattern. Now it's actually forming a rounding bottom, it's might do a parabolic upward trend in price. For a rounding bottom, usually I will take the lowest and the highest price of the round bottom, and using exactly the similar percentage of gains of that to estimate the next target price.
The RSI looks really bullish and the volume is increasing. If it fails to surpass the resistance, it might retrace to $20 and begin its upward movement.
$LITHprevious reversed green hammer, and next 4h candle green as well, so looks like good moment to step in as that bottom support has been held quite strong.
ACDC battery tech consolidation 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 later.
Looking to add to my position if we get a chance around 91.50 again and then simply waiting for confirmation incase we get invalidation and drop through this HTF consolidation.
Bullish on the space for a while longer and the chart looks good for a push.
$LPD- Strong Upward Trend and MomentumThe trend is holding strong going upwards and momentum is building. Lithium demand is building especially as demand is outweighing demand in the near future
Dr. Copper needs a doctor? Electrification on pause?With the electrification trade in play, we should see copper continuing to rise. But it's getting close to breaking below it's daily SuperTrend and if it goes below 4.0, the bears might be back.
Lithium looks like it might also be struggling. If lithium is a huge part of the electrification trade, and it starts to fail... Where there's smoke there's fire?
$NLC.V Thoughts and Limit Buy OppIn looking to add to my Long Position in Neo Lithium Corp $NLC.V / $NTTHF I have approached this TA from a bearish perspective over the short term. As detailed on the chart, You can see price make relatively weaker advances: The first move up in early June was stopped at +3SD channel, the next at +2SD channel (note volume). Price always travels back to the mean and $NLC as a miner is not above choppy action in SP. To be clear, I don't see massive downside risk here, but rather some selling pressure channel trading back to the $2.70-$2.75 range.
On top of Linear Regression Analysis, the 21 ema is currently acting as support and the 9 ema (I applied it to see where it was but can only keep 3 indicators) is acting as resistance. I think the clearest conclusion to draw currently is that NLC is trying to figure out which way it is going to go.
One could make the argument that if the market holds here for the most part and small caps participate in a further advancement that $NLC could maintain the mean and advance back up through the positive side of the channel. $NLC is not without near-term catalysts in this Quarter like an off-take agreement and/or financing to finish capitalizing the 3Q Project + release of its DFS. I am taking the approach that these catalysts are a month + away and the above TA in the short-term may come to fruition. I have placed a LB for shares at $2.71.
In sharing this post I think its worth noting that at the Annual and Special Meeting held on June 25th the company set forth a vote to allow the board the discretion at a future date to consider a consolidation of the common shares of the company on a 1 for 2 ratio to list on a Senior US Exchange. Not a guarantee this R/S will occur, but its a possibility and something to be mindful of. When pre-revenue companies R/S, their SP can crater. Granted 1 for 2 is as good as you can get when it comes to R/Ss. I am keeping some cash for a buy further down the road to cover off this risk that may exist and take advantage of a downturn. I have emailed Mr. Vicens the company's CFO and contact person on SEDAR kindly asking for an update on the AGM vote as its been some time since the meeting. I will share any update given on ye olde twitter.
As always Please follow your own trading rules and do DD first.
Cheers,
Luke






















