S2GM34 trade ideas
SIGMA LITHIUM CORP: Bullish ContinuationSigma Lithium Corp (SGML) is in a bullish continuation pattern on the 4-hour chart. The stock has been rising since the beginning of the month and is currently trading above the 200-day moving average.
The MACD indicator is also bullish, with the MACD line crossing above the signal line. This suggests that the momentum is in the bulls' favor.
The next resistance level to watch is $50.00. If SGML can break above this level, it could open the door to a move towards $60.00 and beyond.
However, it is important to note that the market is still volatile, so traders should be prepared for pullbacks.
Overall, the technical indicators are bullish for SGML. The recent breakout above the 200-day moving average is a positive sign, and traders should look for opportunities to buy the dips.
Conclusion:
I am bullish on SGML in the short-term. I believe that the bulls will continue to push the price higher, and I am targeting $10.00 and $11.00 in the near future. However, it is important to remember that the market is still volatile, so traders should be prepared for pullbacks.
Here are some additional things to consider when trading SGML:
The stock is still below the $51.00 resistance level, which could act as a ceiling.
The Relative Strength Index (RSI) is in overbought territory, which could lead to a pullback.
The market is still volatile, so traders should be prepared for sharp movements in either direction.
I hope this helps!
Here are some other things to mention in your TradingView idea:
The company's recent news and developments.
The industry outlook and any relevant catalysts.
Your own trading plan, including your entry and exit points.
$SGML: Lithium Gem?A few week ago we posted about the potential bear trap setting up in LIT. So far that thesis has played out and I give credence to a potential short term pullback here. However, that price action on SGML around 40 has been quite notable and when compared to other lithium based companies we see impressive relative strength. Any kind of growth / equities push could give the bulls a hand as well. Good luck
SGML is ready for next big movebuy in rang of 34-36.
target 70-80 in year.
price is slowly consolidating in the range .
$SGMLNice, clean base? Looks organized and healthy. Great volume buy week after high volume sell week last week. Showing strength.
Sigma Lithium Pumped 20% on Tesla Takeover RumoursFew stories floating about over the last couple of days of a possible takeover of Sigma by a lithium hungry Tesla looking to shore up supply.
Could be worth a watch...
Nice to watchIn few words, the company has negative cash flow + negative EBITDA + Market Cap/Total Assets = 24 times
from the otherhand, the growth estimation for next quarter is 74%, next year 1400%.
The CEO estimated production to start in Q4, with the new mine estimated at $5,1 billion.
At this level, the stock looks a very promicing short idea, will rank it to neutral for now until we get the news in December.
*Not financial advice
SGML +38%This stock made a strong impulse and was correcting in a flat during 4 months. I am waiting for a breakout flat level for a long position.
$SGML Triangle Breakout Idea$SGML Breakout Idea. Triangle VCP Style contraction. All Time High Potential in a strong sector. Measured risk.
$SGML Long after brief conso above avwap from highLooking to long on this mini consolidation above avwap and playing for all time high
