Not looking good for CXO - On the daily chart, a double top has formed with a measured move down to 82c on the cards. Zooming out on the weekly log chart, another double top is forming with a measured move to 40c.
Producer - unlike to the concept stocks About to breakout! NB: not financial advice. Do your own research.
Weekly Bull Flag breakout Measured move lines up with the 100 fib ext + psychological level of $2
Australia's Core Lithium has been in a pretty strong uptrend over the last couple of weeks. The RSI looks like it can run higher based on past levels. Could be worth a watch. (also thought I'd try a darker theme for the fun of it)
History were and will repeat. Please take into account everything before you buy any stock. Im not expert and it’s my opinion. Fundamental are very strong covering price of lithium to expect cxo as next producer of lithium in less than 6 months. No debt and seeing professional expectation of increase income means only more cash for cxo. Hope to see dividend...
core lithium has broke the trend line in white and with a lot of news out this can go big
KEEP IN MIND Price of globule lithium range between 375000 to 500000 cny/t Production by oct/nov 2022 Other row material such as uranium, gold at core lithium sites Extended of mines life Minimum price of share is at around $2-$3 by dec 2022 I would personally take advantage of low price at the moment before building new high
Hi All! I noticed this pattern when checking the performance of the Lithium stocks on the ASX today. Core Lithium has been one of the markets favorite lithium stocks on the ASX and has had a great run in the past year. The two bearish patterns observed make's for a short trade. It reached ATH on 3-Mar (point 1 on the chart), pulled back and continued to make new...
CXO has been running really well over the last 12 months and especially recently with the surge in demand for Lithium. I like these kinds of patterns and will try and focus on them more in 2022 where the stock has been in a nice uptrend, had a pull back to a value area and then resumes its run. I'll spend more time looking for these using the 20 day moving...
follow another lithium in Australia. they are on time with construction June would be best for core lithium and price increase start to show here too. IMO all the best
Bullish long term uptrend, after breaking out of a triangle, the impulsive phase brings us to the bull flag.
Saw this a couple of days ago but didnt press the buy button as I was chasing some of US EV stocks, but its up 8% today and looking reasonably strong. Little bit of upside in the swing still left, but could of course reverse soon. Be interesting to follow it with a close trailing sell. Might be worth a look.
Nice 7 month base with contraction patterns moving through the pivot on volume. As usual I don't own enough of the right stocks. posting for my own post review. Not buyable here imo.
Coming off the low of 19 in this formation, the breakout at 26 gives a target of 33.
General analysis see annotations