if tesla survives the upcoming stock correctionSell on the short term on the broken long term trend line, including the possible Q4 market wide correction on trade wars..
A buy of a lifetime anywhere near $120~200 if the company still survives from a lower stock price and do not get drowned by debt.
(At this point, I AM not shorting . It is simply too risky, just keeping a lookout for a buy)
Lithium
Lithium EV Battery Growth - Chilean to US$ plusSQM NYSE:SQM is a chilean Lithium mining stock for
EV Batteries and takes advantage of US$ to Chilean value as well. EV Truck manuf.
just starting and will require more and more lithium.
Another big news story that hit the market in the second quarter was worries that Tesla
might not be able to deliver its Model 3 on time due to a battery shortfall. This is
another sign of supply and demand will drive up prices and profits.
Here is 4hr. chart showing solid entry, which already in below $44 and buying up to $50.
NMX Nemaska Lithium INC. Potential Bounce Area and gains!keep it simple, be sure to follow for updates, and check out my other charts for massive gains!
I see buy signals on the MONTHLY, with positive momentum forming. We have had a long year pull back, with the 60 cent area looking like short term support.
I have a short term buy zone and potentially longer term sell labeled.
This is high risk, as I only charted this as requested from a follower.
Happy trading, debating and speculating!
Big Cypher Pattern on Nemaska Lithium Technicals - Nice Cypher on Nemaska Lithium, Stock is currently at a strong resistance point, good time to buy.
Fundamentals - After Morgan-Stanley's report on lithium, NMX dropped seriously low from its $2.44 pic. However, Nemaska Lithium is developing a different commercial model than other lithium producers. It is also backed by the government and therefore has a lot of resources to grow. Lithium production is increasing worldwide for sure, but Nemaska will produce high-quality hydroxide (which is more and more demanded) for a reasonable cost and will supply not only the car industry, but the phone, solar, and global tech industry.
With numerous contracts already signed, I believe NMX has a strong potential and is probably underpriced.
For more info - read FT report on NMX.
Penny Stock CYPHER for bullish reversal + FUNDAMENTALSNemaska Lithium
TECHNICALS - We have a clear cypher pattern on the long-term chart. And the $0.65-0.70 zone is a strong resistance. This is a strong sign for a trend reversal .
FUNDAMENTALS - Nemaska Lithium is a Canadian company sitting on one of the biggest lithium deposits in the world. The First production is expected to be sold in 2019, the last annual report did not reveal any delays in construction of the plant. The company has multiple buyers on contract for future production. There is significant growth potential thanks to cell-phones, electric vehicles and the overall battery market which is expanding very fast and will continue to do so. In addition, the company is backed by SoftBank and the Quebec government.
These factors put together make me pick this stock for strong growth on a 6 month-1 year horizon.
I encourage you guys to dig deeper on fundamentals as I am not giving to much details here.
$AVZ potential trade set up at 10cAVZ exploring for lithium in the DRC has been a well 'promoted' stock which valuation wise clearly overreached the project stage.
Chart wise it appears that fear and tax loss selling are in control currently and are likely to define the action over the coming weeks, this may present a trade opportunity for entry at the historical support level or 10c, should this present the primary exit target is at the lower end of the resistance range at 13.5c (+35%) with a stretch target at the upper range at 15c (+50%)
At 10c the company is around the $200m MC with a strong cash backing to further progress what is clearly a challenging project with a large prize
4CE falling wedgelooking for a reversal and break of falling wedge. minimum target @ .083 on break.
Worth noting still making lower higher and lower lows on daily. Need a break of downtrend line to confirm. Bear flag on daily also setting up so caution in key and wait for break. #watchlist #lithium #EV #ASX $4CE
AVZ 25.05.18 AVZ, chart isnt looking the best, MA look to be crossing. However some good FA news expected within the next month. Could change things around.
AGY should go lower until it rebounds on major support.Short term downward trend should continue.
I believe our downward channel will continue until we hit one or both major supports at 14.5c or 12.5c.
A strong bounce north may occur, however, we may bounce back down if we can't break past 18.5c.
Great buy zone under 14c, I am waiting patiently.
Sitting on the sidelines with $AVL #vanadiumEverytime it hits the 0.036 - 0.037 support level, it bounces hard, but I'm not so sure it will hold this time. I would have personally liked to see the 0.040 level hold as support but it was broken today. Feasibilities are due soon meaning more sellers are likely to come into action as reality sets in ( see link )
Not overly excited, but not bearish either. It may possibly bounce from the 200ema, which may be around the low 30s.
Promising long term stock, just not for the time being IMO.
retraced to 50ma & 0.618 - expecting a bounce - higher low Nothing to worry about as downtrend line was broken so we are still in a bullish trend at moment
Higher low being formed
50ma & 0.618 fibs as support
LIT up in 2018 is starting to re-build energy...After a tremendous run in 2017, $LIT was beat up and gave back much of its gains to begin 2018. However it has broken the down trend and has established a strong counter trend. This is a necessary battery for much of our consumer tech and global industrial tech. As always must make new highs to confirm a reversal with multiple indicators supporting, this looks buy-able against the uptrend-line until proven wrong.
TAW - Holding Support 5/5Support 40c, Resistance 47c, 50-52c
Was able to hold support at @ .40c mark. Small downtrend as of the last few weeks, looks like a reversal is coming, perhaps a period of accumulation around the 40c (support) - 47c (resistance) mark.
Gaped up to 43c due to lithium shipment ann.
Ann on time, everything proceeding as expected, thus no huge increases as of yet.
Market would be looking for FA that signifies higher grades of lithium thus payed better money for shipment. Expected to receive $880/t, anything higher would be a great sign. Also any higher production figures for the coming months will also be a catalyst.
Conclusion:
Optimistic: Accumulation for a period roughly 3 weeks? Within that time FA should provide lithium delivery, grade & payments, Mays shipment in tonnes. Hopefully this is a catalyst to reak the 47c resistance and build a new support line.
Pessimistic: Accumulation and support keeps getting tested. If broken possibly move down to 36.5c (small gap down * previous small support), then down to 33c.
Strategy: Looking for a higher support level. Long term hold
AVZ: Ascending Triangle BOUnusual activity of late, with AVZ dropping below the main trend - an unexpected occurrence. Currently heading to test resistance at 21c if it can make 19c a strong support. Currently BO out of a bullish ascending triangle, with Wave Trend showing continual upward movement, EMA Wave also showing upward momentum. However, the Weis Wave is showing a lack of demand so volume needs to be further observed.
LIT ETF: Further Trending Down Bullish Descending WedgeExpect a further slide down the large bullish wedge into more probabilistic BO zones (as indicated by green projection area within the wedge), then trend reversal that moves within the trident. The current movement is a completion of a bearish ascending wedge, which correlates with a continuation of the downward trend. The VFL shares the current bearish sentiment as does the Wies, with an overall decrease in buying and selling volume - such things also indicate a possibility of a large movement.
A bit of a messy H&S on AVZAVZ is one stock that has not had a settled time in recent weeks at all, with the ASX hitting them with a number of queries, and the charts are reflecting this. There is a bit of a messy Head and shoulders pattern formed. I had expected it to bounce by now, the continued fall is rather concerning. Another concern is there could be a long way to fall if it dips below 20c, with not much strong support to my eyes.
Already looking quite oversold, it has good odds to get a small bounce soon, but needs a lot more work done to break the downtrend it's in.
4CE dropping below long term bull trendFor the first time in quite some time we have seen it drop below that longer term bullish trend. Albeit on low volume, it has started to test below 9c again after failing to breakout. I can see it continuing to test below 9c next week, especially with continued market uncertainty. Over the course of the next few months I am still quite bulish on it from here. Continued increasing interest in the area, with the initial mining just about to start. Positive mining results could provide a large re-rate, but it does need those results to be good with high expectation all around.
That said the chart is not too flash at this very moment. What I am looking for in an increase of buying next week, but the continued market uncertainty is not going to make that easy. Weekly outlook is uncertain, but a quick bounce into the 9's would be very positive. Longer term looks stronger.
Disclousre: I hold shares in ASX:4CE .
BMZ interesting 2 days, massive volume and showing strength.ASX:BMZ has had an interesting 2 days of trading, massive volume never seen before on the stock. Was looking good until the late selloff. Proximity to AVZ , 4CE , and $TTX. Plenty of interest in whether they can find much Lithium down there. Keeping my eye on it.
Has held it's uptred pretty well despite it's rapid rise, just starting to show signs of resistance (especially on the close), getting knocked back a lot throughout the day, but still powering forward. This could move a lot in either direction, see it as a good chance to judge market sentiment on new Litium ventures. ON this evidence you would say there is stil plenty of interest.
Some longer tmer potential resistance lying in wait, yet to see if it has the legs to challenege it yet.
Disclosure: I hold 4CE, have not held any of the other stocks motioned in this post.
AGY's short term trend line is getting ready for the next leg upAt the end of March, AGY will *hopefully* be releasing news that they can produce 99.5% < battery-grade lithium. The market is preparing themselves for the news which is evident by the new short-term trend line forming. The closer to the end of March we get, we'll see past resistance become support for the next leg up.