$PLL lithium production industry with a head and shoulders trend continuation pattern. Right shoulder 12% deep for a technical stop. Worth watching. $SGML been on fire in that group.
Lithium play setting up. potentially pyramid into this with small position over the high of this cheat area and add to it on new high grounds and potentially market improving.
... and it's now in the "pump" phase! The main competitors of Piedmont Lithium include U.S. Silica (SLCA), Energy Fuels (UUUU), 5E Advanced Materials (FEAM), Centrus Energy (LEU), Intrepid Potash (IPI), Compass Minerals International (CMP), Hecla Mining (HL), Denison Mines (DNN), Schnitzer Steel Industries (SCHN), and Orion Engineered Carbons (OEC).
a clear sign of a break-out as shone. if you want to see more like and follow
keeping an eye on PLL's price action, resistance levels, and price imbalances
Price is stuck in a rundown between 1st and 2nd. $55 may act as local support, spike up to target area, only to drop back down lower, where it'll find mucho support before blasting off.
Depends on your risk appetite, but PLL is up around 40% off a recent dip and if it breaks through the current area might have a bit more in it before earnings. Watch your stops.
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...
$PLL looks like it's trending upward with good targets. I just bounced off the 618. Once it finds support or breaks the 618 I'll be entering for targets around $87 for 30 percent gain.
Working on finding the low before a long sustained rise to new highs.
High probability it will go higher on Monday. Showed up in my screener.
$PLL Basing gorgeous hight tight flag base and waiting for breakout confirmation with big volume .
Just put some wings on this chart and you get yourself a mythical looking creature ready to take off. I'm entering calls this week. Cheers! If you're not having fun with your chartwork, you're not doing it right!
Lithium supplier .. breakout or breakdown looks imminent. 60$ is my entry 54 stop loss green lines are fib targets Needs to break 60 and hold
PLL Breaking out and headed to test next fib level targets 75-90
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$, stop level 22$. Hit the like button and follow if you find this useful :) This is only my own view and not financial advice, do your own analysis before buying or selling Happy Trading!