Last week PLL decisively broke above the recent resistance area of $75 - where the previous lower high was. On Friday, it printed a pinbar with possible setup for long on Tuesday when markets reopen. When looking at the broad structure out to weekly we can see clear bullish trend with possible wave 4 turning into wave 5 here. I like the potential to at least...
Good signs for piedmont lithium given the bounce, if i take the trendline out of it, id like to see PLL consolidate for a week around the 90-95c range before pushing higher again. Good stock in the right space with alot of volatility, and news from biden is setting the scene for lithium to have big growth this year.
Entry here with stop at 43EMA on daily. 82c. Lithium is going to be a rened this year and i dont feel any medium to long trend line will get broken. But if it does, stop at 82c is only 10% downfall for 50% potential growth minimum.
Piedmont Lithium is an ASX listed rare earth stock that seems to be getting plenty of attention on a number of discussion forums and groups I follow - As such, I thought I'd perform some analysis.
Looking at the stock it's broken out extremely nicely from a long period of consolidation in September 2020 from a range of $0.060 - $0.150 to now around $1.120, making...
Just put some wings on this chart and you get yourself a mythical looking creature ready to take off. I'm entering calls this week. Cheers!
If you're not having fun with your chartwork, you're not doing it right!
I grabbed this one early in the AM, but posting now to document. Was #1 on my watchlist coming into today. Sweet pullback to previous highs and held the 10-day. A really strong mover in the clean energy space. Now clean energy names are catching a bid and this one did not waste any time. I expect it to challenge previous highs soon.
NASDAQ:PLL broke out of the ascending triangle backed up by NASDAQ:TSLA contract. It is now targeting 44.3$, stop level 22$.
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This is only my own view and not financial advice, do your own analysis before buying or selling