Long

Updated

VUL.AU Vulcan up +30% from Recent Lows.

VULCAN ENERGY RESOURCES LIMITED is up +30% from it's recent Lows and possible Double Bottom. Still needs a further +10% to break above the last recent High.

The Chart should be self explanatory.

The Lithium miners are seeing a recent boost after a severe Bashing Down and are now might be seen as undervalued.

Congratulations if you got in @ the Lows.

As always, please get a few outside Expert's Advice before taking Trade or Investment decisions.

If you appreciate my Chart Studies, Smash That Rocket Boost Button. It's Just a Click away.

Regards Graham.

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Price Action is also now above the EMA's and 1D VWAP which is Bullish.
I must study others to see if this is why we often see the Lows Re-Testing, thus creating a Double Bottom Scenario.

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Now at a Potential Resistance Level +-$3.50
Trust the Momentum Pushes Higher.
The Trend Cloud is still Positive on the 4H.
IMACD = Green. 4H

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Retracement to the 50% FIB.
If all bodes well, should resume the up Trend.

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OOPS: Retracement to the 38% FIB.
If all bodes well, should resume the up Trend.
Needs Conviction.

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Conviction Working for now.
I do expect some profit taking though.

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Holding the Trend. Expect more Upside on this One.

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Trading View forecast is an amazing $11 = +150% from here?

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Australia's Vulcan Energy rises on funding interest for Germany project.

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Caution: Possible Double Top Formation @ $5.40 Area.

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Recent FIB Evaluation from Low to High shows correction to $4.20 to $4.80 Zone.

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Correction and now ?

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Almost Perfect Retracement from the Swing High to 50% FIB Level @ $3.70 Area.

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This is the Only Lithium Miner I see that is defying the Current Trends.
Please use Caution and Stop Loss to preserve ones Capital.

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A Rare More than 100% gainer?
Will the Lithium Miners get More?

Trade active

Now a 3 Bagger.

Trade closed: target reached

BTW - Nothing wrong by selling a 300% Trade IMO.
But kept my entry which is still Working.

Note

Redeploying some Capital.

hitchcoxg

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