Sigma 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...
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...
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Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the...
Few 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...
In 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...
