I've liked Vulcan for a long time as a Zero Carbon Lithium Provider with a strong European presence. This latest news with South Koreas LG Chemical would certainly seem to reduce some of the supply chain risk in the business in terms of long term high profile relationships. LG Chem is one of the biggest battery manufacturers - especially for Electric Vehicles - in...
Last couole days have been good for vulcan, but the breakout and >5% sell off will require some more sideways here. Overall market weakness is hurting alot of stocks. Need to start picking value stocks and have conviction to hold through days like these.
Lithium sector getting another cycle now. I dont really know how to take Vulcans quarterly today, but it didnt impact price to bad so im thinking it was neutral. Chart itself is best ive seen this year from the share price. Probably a move up tomorrow followed by a sideways week next week, then a move up to next resistance level. Definitely a good time to buy as...
Fridays are known for being a selling day, but if there is strength in the lithium sector overnight, might take a position for a swing trade.
Market as a whole has been fairly weak recently, but support at 6.50 is a 10% stop loss. Will watch tomorrow and could look for an entry next week if 7.40 is held on hourly.
Its been pretty strong the last 3 days, and price action was strong on friday given the sell off in the morning, and facing resistance at these price levels. Would wait to see how it goes tomorrow before re entering.
If you would like to enter, a stop at 6.50 is the next support, so slightly riskier for short term traders.
Good follow through from yesterday, and hit resistance at the 7.60-7.70 range. Will need a pull back and recoil to move above and get to 8.50 first target. Wasnt expecting such a strong move yesterday, but rode it on open today.. wouldnt necessarily buy it tomorrow, but there could be some good buying on the pill back between 7 and 7.20.
- ADX<25. Would like to be higher.
- RS and FFI +ve
- Daily MACD +ve.
- MAs aligned with 10MA crossing 40MA today
- Breakout with good volume on 14 Apr 2021
Vulcan closed on above average volume with a green breakout candle at a 2 month high. This beats the 6.50 critical level (cap raise), which has been haunting this stock for the last few months. This could be the start of another test over $7.00
Disregard last nights analysis on vulcans price action play... if anyone knows why some lithium stocks have soared this morning please let me know.
Otherwise, great buying volume and its behaving alot differently to the other spike of buying volume. Should see some consolidation above the 6.80 mark and hopefully no drop below the 6.60 mark again if you want to...
Id like to see one more touch of the rising trendline before a break above. So with that said, i will load up at $6.10. Personally, i dont think vulcan is ready to break above, so another week here, either above the 43EMA on the daily, or a touch of trendline at $6.10 will set Vulcan up for a strong break and follow through with first target at $8.00. Currently on...
2 paths, white one based off an april buy for lithium, in which case, can get back to resistance around the 6.80 mark. Blue path is a double bottom pattern, which after todays selling volume, id guess its going to take. No buying this one for me currently just based off selling pressure in recent days. But on the 4 hourly (i use this for swing trades, doesnt...
Above $6, vulcan is still bullish, but today its proven its not ready for the next leg up, i have a buy order at $6.15, with a stop loss at $5.90. Currently on watch, april looks like it will break out (on the chart) but if it does break out, id rather see a consistent day of buying as opposed to a sell off for the first 2 hours..
Looking for a close above $6 for a trend reversal for next week. Alot of supply at the moment, but cap raise is still $6.50, and still a target for next week considering the reversal in lithium stocks overnight.
Vulcan Energy Resources Ltd. engages in the exploration and development of copper-zinc projects and other mineral opportunities. The company was founded on February 5, 2018 and is headquartered in West Perth, Australia.