Will this stock skyrocket 500x to $700?
Talk of the moment is tariffs and the impact they’ll have on business and individuals. Generally, nothing good. A zero sum game in WW opinion.
For a future preview, see Brexit for details. American citizens have chosen to impose economic sanctions upon themselves just like Brexit voters. As a result importers will be required increase their paperwork, add fees to raw materials prior to entering the country, impose checks and pass those costs onto the consumer. A consumer that is already weighted down on auto debt.
Ignoring the long term economic impacts one should appreciate the internal demand pressures from manufacturers now needed to replace expensive imports.
In my opinion a number of businesses now exist to reap this demand. The smaller the better.
“American Battery Technology” is one such business that stands to benefit from the surge in EV growth in the US. In particular on the topic of recycling. As tariffs take hold on the imports of raw material the recycling of old becomes an increasingly attractive alternative source.
The TA:
On the above 5 week chart price action has seen a 98% correction since January 2021. A number of reasons now exist for a bullish outlook, they include:
1) Price action and RSI resistance breakouts.
2) Regular bullish divergence, settings used the same as January 2020 impulsive wave.
3) Support on past resistance, look left.
4) No share splits since 2004, excellent.
5) Short interest 9%, after a recent 70% correction?!
6) The bull flag, should it confirm, forecasts a 50,000% move or 500x to $700 area by December 2026. That’s a market capital of 60b for the industry of car battery recycling. Still small potatoes.
Is it possible price action continues to correct? Sure. Sellers, they love it.
Is it probable? No.
Ww
Type: Investment
Risk: You decide
Timeframe for long entry: Now
Stop loss: will say elsewhere
Return: Lambo’s all round
For a future preview, see Brexit for details. American citizens have chosen to impose economic sanctions upon themselves just like Brexit voters. As a result importers will be required increase their paperwork, add fees to raw materials prior to entering the country, impose checks and pass those costs onto the consumer. A consumer that is already weighted down on auto debt.
Ignoring the long term economic impacts one should appreciate the internal demand pressures from manufacturers now needed to replace expensive imports.
In my opinion a number of businesses now exist to reap this demand. The smaller the better.
“American Battery Technology” is one such business that stands to benefit from the surge in EV growth in the US. In particular on the topic of recycling. As tariffs take hold on the imports of raw material the recycling of old becomes an increasingly attractive alternative source.
The TA:
On the above 5 week chart price action has seen a 98% correction since January 2021. A number of reasons now exist for a bullish outlook, they include:
1) Price action and RSI resistance breakouts.
2) Regular bullish divergence, settings used the same as January 2020 impulsive wave.
3) Support on past resistance, look left.
4) No share splits since 2004, excellent.
5) Short interest 9%, after a recent 70% correction?!
6) The bull flag, should it confirm, forecasts a 50,000% move or 500x to $700 area by December 2026. That’s a market capital of 60b for the industry of car battery recycling. Still small potatoes.
Is it possible price action continues to correct? Sure. Sellers, they love it.
Is it probable? No.
Ww
Type: Investment
Risk: You decide
Timeframe for long entry: Now
Stop loss: will say elsewhere
Return: Lambo’s all round
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.