SQM - riding the wave of higher prices in lithiumNYSE:SQM provides exposure to lithium prices, which are on a strong rise in recent months. SQM was lagging a bit, but looks like it is finally ready to go higher.
Double bottom formation was confirmed with strong breakout on high volume on Monday and suggests that in short term price should rise at least to $35-38 region.
And if outlook for sector remains positive, even higher prices should be expected, historically trends in SQM were strong and lasted for prolonged period of time.
Chile
ALB BUY 03.09.2019BUY signal at 61.73
Albemarle Corporation is a global developer, manufacturer and marketer of highly-engineered specialty chemicals. The Company operates through three segments: Lithium and Advanced Materials, Bromine Specialties and Refining Solutions. It is one of the biggest Lithium mining company in the world.
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The chart shows the last trades on the product + the last signal.
USDCLP. Chilean peso completed consolidation. Eyes 732-764A year ago I posted a chart (see related) with map of weakness for CLP.
This is daily chart to give you the map of the current impulse.
Wave 4 could have been completed now.
Wave 5 should at least tag former top of CLP 732.
The next target is CLP 764 where 5 = 100% of 1-3
AUDUSDlinea de tendencia alcista, con soporte y resistencia. una vez que rompa la linea de tendencia y confirme.. ir a ventas hasta donde está el rectángulo rojo(marqué allí por fibonacci)
en dado caso que no rompa linea de tendencia pero si la resistencia y confirme.. ir a compras hasta el rectángulo verde(marqué allí por fibonacci)
POSTDATA:Soy nuevo en esto, solo llevo par de meses.. espero criticas constructivas y agradecería que comentaran cualquier error que haya tenido etc..
Muchas gracias!!!
Banco de Crédito e InversionesChilean Stocks.
Pure Technical Projection.
After last Rally, price is in the respective correction seen as a soft dowtrend-sideways market => Bull Flag.
Hard to tell how long will the flag last, but probably it will take some time.
After this phase get completed, volatility will be present and an expanden sideway market will be the first step before the new bull run.
Banks are never bearish nor under bears-control, they just harvest some of the yield and than let the grass grow to eat later.
Wait for retest support (lower flag band) to get an entry before breakout.
Sigdo Koppers (SK) S.A.Chilean Stocks.
Pure Technical Projection.
Big Shark completed.
It already tested the 0.382 retrace of the CD leg and in it broke the upper resistance of the descending triangle.
Critical point to see if this resistance now act as support and bounce or if it simply break to the downside to retest the 960 support as a little shark suggest to.
Divergence of price against MACD and RSI.
Parque Arauco.Chilean Stocks.
Pure Technical Projection.
Big Butterfly during 2018.
Currently on PRZ.
Projection according to historic behaviour.
In the Period 2017 - 2018, price was able to breakout the channel where was stuck during 2010 - 2017.
After reach the 61,8% height of the channel and form a butterfly, it has come back into it and seems it will have a fight to handle if want to avoid to get traped again.
ENEL Generación ChileChilean Stocks.
Pure Technical Projection.
Bearish harmonics, but with a very bullish presence, so could be the begining of a new uptrend.
Price could go to 547 clp to form a Bat and a Crab in different time frames.
Wait for correction and than go entry, just keep an eye on how price and cloud are going to interact.
SALFACORP S.A.Chilean Stocks.
Pure Technical Projection.
Seems there's an iH&S in formation inside a symmetrical triangle.
It need to touch the dip of the right shoulder and from there start a new uptrend post 2018 correction.
For the end of this year this stock could gain from 9% to 20% in price value.
Enter next week.
Oro Blanco.Chilean Stocks.
Pure Technical Projection.
Price seems to be in the last part of a big C&H.
It could bounce on 4.5 to 5.2 before seek support around 3.8.
From there Entry Long safely.
With higher risk, hold (no SL) a Long Entry on 4.5 looking for 5.2, 5.9, 6.1 and 7 as targets.
Need to consider that price is already in the cloud and a bullish TK cross has happend.
FORUS S.A.Chilean Stocks.
Pure Technical Projection.
Price has been forming a symmetrical triangle since 7 years already. Now it will test the lower support again and will be crucial for next steps.
Support, Volume, Butterfly & Cloud:
-PRZ: Volume has risen significantly, so if price can hold at the lower band of the triangle, profits around 9 - 13% can be seen for the end of year.
-But if support get broke, price could seek for old lows around 1500 - 1680.
ENTELChilean Stocks.
Pure Technical Projection.
ENTEL doesnt look well. It is in full downtrend, reaching historic lows ranges and the weekly chart paint an huge H&S through all the history of this stock, which i cant really say if it is valid or not. I guess this will be a crucial support test.
On the daily, one Butterfly is completed and retesting suport through an almost complete Bat... this two harmonics can be the chance to avoid the magnetism of new historics lows (4120, 3400 , 2800 , 2200, 1370 , 300).
SQMC - Sociedad Química y Minera de Chile.Chilean Stocks.
Pure Technical Projection.
Correction phase.
Seems there's an H&S pattern in process and near to complete.
If it breaks to the downside, it will complete the last leg of a big Bat.
The opportunity is to short and trade the reversal at the showed targets.
SONDA S.A.Chilean Stocks.
Pure Technical Projection.
In absolut downtrend seems to be painting a falling wedge that could last 2 or 3 more years to complete.
Anyway, as usual, there're opportunities to trade.
In this case, if 960 can support price above the cloud, a quick chance to the 1005-1025 is possible, and if price can breakthrough that range, price could rise to 1060-1070 and 1160 in a finall rally for the end of year .
On the other hand, if the range 1005-1025 act as strong resistance, price could fall and will be possible to see a retest of the 915 support .