GALFXlooks like bottoms in at .30c and we should resume upward movement towards 618 of the larger trend around $6.00 sometime next year. I just bought in and plan to add to this position
Lithium
CHK Cohiba Minerals (ASX)Continue downtrend, buy zone at .006 depending on reaction, no divergence just negative looking for this one. I put an alert at the level and I'll have a look if it is hit.
Pure Minerals PM1 (ASX)Another for all battery lovers. this is a very small cap stock <10m, some positive results have come out.
There is a clear bottoming pattern here and we are in an upward channel, positive divergence has been building on this stock for some time. We have made a first try at breaking out and pulling back now into the channel. there is not much resistance in the chart to the .09 level that is 400% gain. some more accumulation will occur here before breaking out to the next level. you can also refer to my LIT chart which I am using to track the sector.
FMC BUYBuy signal at 93.47 $
Timeframe - 1 week.
I missed this signal, and I didn't go for this signal, but let it be in this profile.
FMC Corporation is a diversified chemical company serving agricultural, consumer and industrial markets. The Company operates in three business segments: FMC Agricultural Solutions, FMC Health and Nutrition, and FMC Lithium.
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You can use the signals independently or like indicator of trends together with other indicators in your trading strategy.
Know that the success of your strategy that based on those signals depends from your money management and the additional conditions that you make in these strategies.
You use these signals inside your strategies at your own risk.
The chart shows the last trades on the product + the last signal.
I have several strategies for different products, and I want to show you proof of it works on history, and you will be able to see it, when returns to that profile.
Therefore, subscribe and watch for that profile.
SQM BUYBuy signal at 30.25 $
Timeframe - 1 week.
Sociedad Quimica y Minera de Chile S.A. (SQM), is a producer of potassium nitrate and iodine. The Company produces specialty plant nutrients, iodine derivatives, lithium and its derivatives, potassium chloride, potassium sulfate and certain industrial chemicals.
It's interesting for me due to mining of Lithium. Which is used to create batteries.
If you want to see more history of this strategy, I will able to show you if you request me.
__________________________________________________________________________
You can use the signals independently or like indicator of trends together with other indicators in your trading strategy.
Know that the success of your strategy that based on those signals depends from your money management and the additional conditions that you make in these strategies.
You use these signals inside your strategies at your own risk.
The chart shows the last trades on the product + the last signal.
I have several strategies for different products, and I want to show you proof of it works on history, and you will be able to see it, when returns to that profile.
Therefore, subscribe and watch for that profile.
LITHIUM: potential long opportunityLithium Americas Corp.
Technically, long opportunity with possible double bottom. Lithium price is very volatile, still no futures as of yet. LME still working it out www.lme.com
Fundamentally there is talk of possible oversupply.
This chart is for the Toronto Stock Exchange. Stock also available against USD on NYSE.
/* Trade at your own risk please. */
Lithium LITHello,
Lithium global etf continues to be in a larger bull trend since late 2015 bottom at 14$
we broke out of a long downtrend in october 2019 and continue to stay in the bigger channel upwards
Right now we are overbought and will re-trace before another leg up. the 50Daily MA is firmly above the 100Daily and the 200Daily average. based on the cycles of around 450bars each we are only 25% into this upcycle, the last 3 cycles were around 1.5years
I'm expecting a retrace to the daily averages where now we have a strong zone of support between $25-$26. after we should see moves towards the target zones 50fib 61.8
SQM: Huge base, retrace gives a low risk buy...Chilean lithium miner $SQM offers a great low risk trade here. There is a gigantic basing pattern, and a breakout that confirmed a huge trend signal here. Price now retraced into a buy zone in the weekly timeframe, while we have a bullish 50/100 EMA crossover in the daily chart. This might attract some attention to the stock. Interesting idea here, I would buy with a stop loss below the red dashed line on chart.
Targets are shown by the cyan boxes on chart, both upside and time duration of the projected trends.
Cheers,
Ivan Labrie.
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.
$Galaxy Volume profile (follow the smart money)Galaxy volume can tell a story and indicate when the smart money is moving in and getting out IMO. Smart money does not move in when the price is soaring. It moves in and sucks up retail shares when the panic is on..
Smart way to play this IMO is to wait for weekly higher low as confirmation. Patience is key.
Dont want to see this current support level break down
#lithium #galaxy
ASX: Galaxy ResourcesFactors
1. Price has broken out of the recent ST downtrend (22/05/19 - 02/01/20)
2. There is a bullish candlestick printed with decent volume where price broke the recent downtrend (02/01/20)
3. Price made a higher low of 84c (06/12/19)
4. There is a gap at $1.29 which I would be looking to target.
Possible Reasons For Failure
1. Momentum may fade and continue downwards.
2. 13/48 EMA doesn't crossover, however it is slowly converging
ASX: Lake ResourcesFactors
1. Price has broken out of the recent downtrend (03/06/19 - 02/01/20)
2. There is a bullish candlestick printed where price broke the recent downtrend (02/01/20)
3. There is a gap at 5.4c which I would be looking to target.
Possible Reasons For Failure
1. Momentum may fizzle and close the gap below
2. Low volume on the initial breakout
3. 13/48 EMA doesn't crossover
4. Not much of a base has been established
Lithium ETF clean EW and supportThis ETF has completed a nice 5W down, very precise 5=1, The W3 is a bit short, although there's reasonable subwave in there. Add to that the support from 2013-2015 and more recently in late 2016, which is where we are now, and if W2 is .618 and W4 is 1.0 we have a fairly neat 1.618 to finally reverse at here. Climbing back to 29 allows me to place a wide stop of 21 under 2013 and 2015 lows and still get a 2.5:1 trade, shown by the green and red lines. The volume bars look quite encouraging close up, as well, it tails off into the decline.
The way to trade something like this is to think either the Oct 16 support of 23.35 will hold or it won't. If it doesn't, then we are straight down to 21.75, ie it's unlikely to bottom in between these prices. So you can either enter here and add at 21.75, not higher (but with the same 21 stop), or even wait for 21.75. Conversely if this is the bottom, we'll know when it breaks 26, allowing you to add (and move the stop up to 23).
One sore point is that the ETF keeping missing on earnings, presumably from its major component NYSE:ALB. Hopefully, this will get better, but the trade should be managed carefully through the next (Q3) earnings date, which for ALB is Nov 6th.
FMC Take-ProfitSell signal at 99.05 $
Timeframe - 1 week.
FMC Corporation is a diversified chemical company serving agricultural, consumer and industrial markets. The Company operates in three business segments: FMC Agricultural Solutions, FMC Health and Nutrition, and FMC Lithium.
__________________________________________________________________________
You can use the signals independently or like indicator of trends together with other indicators in your trading strategy.
Know that the success of your strategy that based on those signals depends from your money management and the additional conditions that you make in these strategies.
You use these signals inside your strategies at your own risk.
The chart shows the last trades on the product + the last signal.
I have several strategies for different products, and I want to show you proof of it works on history, and you will be able to see it, when returns to that profile.
Therefore, subscribe and watch for that profile.
Green Pill or Red Pill, NIO - You Must Chose- strong social & hype fundamentals
- China trade risks already priced in
- Counter trade to Tesla failure/ meltdown
- institutional and media sentiment turning around
- direct access to massive organic growth China EV market
- intriguing stock to float, short % and borrowing rates
FMC BUYBUY signal at 79.92$.
Timeframe - 1 week.
FMC Corporation is a diversified chemical company serving agricultural, consumer and industrial markets. The Company operates in three business segments: FMC Agricultural Solutions, FMC Health and Nutrition, and FMC Lithium.
If you want to see more history of this strategy, I able to show you if you request me.
__________________________________________________________________________
You can use the signals independently or like indicator of trends together with other indicators in your trading strategy.
Know that the success of your strategy that based on those signals depends from your money management and the additional conditions that you make in these strategies.
You use these signals inside your strategies at your own risk.
The chart shows the last trades on the product + the last signal.
I have several strategies for different products, and I want to show you proof of it works on history, and you will be able to see it, when returns to that profile.
Therefore, subscribe and watch for that profile.
The signals rare but useful.