Short term downward trend should continue. I believe our downward channel will continue until we hit one or both major supports at 14.5c or 12.5c. A strong bounce north may occur, however, we may bounce back down if we can't break past 18.5c. Great buy zone under 14c, I am waiting patiently.
A current trade of mine that I'm publishing to see how it plays out. Very bullish stock at the moment in what looks to be in wave 3 of a grand cycle with this being wave 1 completing of this first impulse. I'm watching price very closely at this moment to see if a correction will play out in my favour. It has also formed a cup and handle on the weekly where it is...
Right 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...
Currently 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.
So 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.
As 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)...
I 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
Established 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.
SQM is claimed to be the efficient chemical mining leader in its group. Lithium demand and prices, as well as output along with the stock is expected to increase. SQM financial is weak relative to prior performance, but current levels are holding up and is expected to improve. Lithium competition: ALB, FMC, ASH, POL, TLH, LIT, GXY, LAC, ORE, CLQ, and WLC
On the hunt for the next hot sector? Will the Pot sector return to glory? Well the lithium sector could become the front runner with the right catalyst. Tesla is on the move to build new factories and add in a rise on oil and the lithium stocks could get dragged into the spotlight. Aside from that speculation; $AMEL is a former runner that is starting to...