Watching for price to gain momentumA bit concerned about the price action. As it seems to be in a downtrend but my hope is for a break above the descending triangle.
−0.010CAD
−11.313MCAD
244.86M
About RECYCLICO BATTERY MATERIALS INC
Sector
Industry
CEO
Zarko Meseldzija
Website
Headquarters
Surrey
Founded
1987
ISIN
CA75629Y1088
RecycLiCo Battery Materials, Inc. is a battery materials company, which focuses on recycling and upcycling lithium-ion battery waste. It recovers up to 99% extraction of lithium, cobalt, nickel, and manganese, the patented, closed-loop hydrometallurgical process creates valuable lithium-ion battery materials for direct integration into the re-manufacturing of new lithium-ion batteries. The company was founded on July 8, 1987 and is headquartered in Surrey, Canada.
Metals - AMYZFModel has given entry signals for American Manganese:
- American Manganese Inc., a metals company, focuses on the recycling of lithium-ion batteries with the RecycLiCo Patented Process.
- Lithium ion batteries are critical in the renewable energy industry.
- We are very excited about opportunities
Rising momentum?Breakout: ~$1.50
Resistance: ~$1.40
Support: ~$1.30
Trend reversal: ~$1.20
30 min candle for monthly range - Weak buying pressure therefore it did not break above resistance with strength instead it retested support.
Price action continued above the 50 MA was a great indication for bullish momentu
Would you swing for profit or hold it long term? Easy win?Not financial advice
OTC:AMYZF www.theglobeandmail.com
Exceptional product line with link to Tesla. Keep watch! Definitely not a stock to be traded but to hold LT especially if the lithium industry in relation to the EV market keeps growing but that is my option ;P
Not financial advice
Above 0.17 BULLISH - Double bottom Support & bullish divergenceBased on price congestion around this level I except a rise very soon above the t-line & 20ma, once that happens I will be placing a LONG here.
Next barrier will be the daily 50ma 0.18 to head higher.
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