A high-grade graphite explorer/producer catered to the Electric Vehicle space.
It looks like we've in the process of consolidating the recent run. Watching for the break above and the next leg higher. Piercing through $0.32'ish would signal fun days ahead.
Why place a bet on a single EV manufacturer? Stay agnostic. Supply the entire industry instead. GLTA
Now that the vote on legalization has been postponed till after the election, it's hard to find many catalysts to help get the sector out of the doldrums. Much of the bad news has been priced in, but perhaps not enough. It seems bankruptcies are being factored in based on its price action. Let's see...
Here's a short term chart for Horizons Medical MJ. It's been trying to base over the last week, with some continued follow-through, albeit timid. I expect we're winding up to the #More vote scheduled for the week of September 21st. For me, it's a coin toss. The overall trend is clearly bearish, but it's certainly putting up a fight to reverse that.
Here's an update to my original one year chart, as with SGN.V, there's a lot of tension brewing in junior miners and explorers. We should make a decisive move in the coming days. Today, Gold had a false breakout but is holding $1,950. Let's see what happens (with bated breath, of course!).