Price has violated resistance and a Golden CrossLOT may be ready for a big move. Price has violated resistance and a Golden Cross just occurred and volume is up.
Trade ideas
Possible 66% move coming from bottom of broadening wedgeLotus is currently flashing a broadening wedge pattern. Assuming the bottom is not yet in and another leg down is in order we're looking at a measured move of 66% from the next likely bottom on the lower trend.
Unloved or UnderlovedConsidering most of uranium sector moved 10 to 20% last week, this stock found no love. Sitting just below resistance, will it find any love this week?
It is one of the smaller uranium plays if not the smallest.
LOT @ 21 OCT 2021Text me if you have any questions/comments for me.
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LOT
- First time doing a written analysis on LOT
- In a weekly chart (as shown), stock does show some signs of uptrends since the Covid crash
- As a mid-term trader, a weekly chart is a too long a time horizon to trade in -> Weekly charts are more suited to long-term investors
- Stock is currently trading at the 35 cents resistance that has been there since late 2016
- A successful breakout of the 35 cents will be good for the stock in the short- to mid-term timeframe
- There is another resistance at the 55 cents levels
- R is more than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a successful breakout of the 35 cents resistance
Lotus Resources backtesting breakoutLotus Resources is backtesting its breakout for a significant move higher
$LOT High flag breaking. Hot spaceSorry everyone, got distracted, was meant to post this with 20 on the offer. Since has broken out. Lovely shape for a continuation move, on the daily and weekly. 20 entry.
$LOT large volume pushing up to 16, will it breakout above 16.5?LOT is a Uranium explorer, which is a hot commodity sector as the world looks to quell carbon emissions.
Listing for trade on the OTC Exchange is expected to be completed imminently – aims to increase
shareholder diversity as well as global market awareness.
Thats about the best I can do on FA. But TA wise, a close above 17 on the weekly would indicate a breakout and likely new trend commencing.
Uranium producers 3 month chartMy chosen #Uranium Junior producers are doing well, with $BOE looking very cheap now!
Lots of catalysts coming up for all these - the ETF rebalancing today first!
One to watch, volume has increased of lateIncreasing volume has been for a run its time to make a move.
$LOT wheres the continuation trade?the obvious trade on this was 8c. on the vcp setup. Hopefully we get another signal in the next couple of weeks.
