Lithium
TA to Support FA as FireFinch set to Break Out on Big News EventFFX Looking to break through historical support as we break through short term resistance at 27.5c on near term news flow supported by Gold and Lithium sentiment with blue skies until we hit historical price support now walls as we look to retest 53c first test and 81.5c all time high.
A lot will depend on greater sharemarket movements but with a lithium demerger in a lithium bull and the upramping of the gold mill with an aggressive drill campaign shoring up greater reserves and grades its hard to see company specific news pushing the stock to align with the above T.A.
METALS - GXYModel Forecast for Galaxy Resources Ltd:
- Model has produced Line of Least Resistance Elliot Wave for GXY.
- Cup and Handle breakout.
- Galaxy Resources is a leading producer and developer of lithium.
- We are bullish on commodities, especially metals.
GLHF,
DPT
Disclaimer:
We absolutely do not provide financial advice in any shape or form. We do not recommend investing based on our opinions and strongly cautions that securities trading and investment involves high risk and that you can lose a lot of money. Loss of principal is possible. We do not recommend risking money you cannot afford to lose. We do not guarantee future performance nor accuracy in historical analyses. We are not registered investment advisors. Our ideas, opinions and statements are not a substitute for professional investment advice. We provide ideas containing impersonal market observations and our opinions. Our speculations may be used in preparation to form your own ideas.
Metals - AMYZFModel has given entry signals for American Manganese:
- American Manganese Inc., a metals company, focuses on the recycling of lithium-ion batteries with the RecycLiCo Patented Process.
- Lithium ion batteries are critical in the renewable energy industry.
- We are very excited about opportunities in the commodities sector, as we believe a macro turn is approaching in the nearest future.
- Technically in a Wyckoff accumulation structure with a spring, possibly testing the channel top.
GLHF,
DPT
Disclaimer:
We absolutely do not provide financial advice in any shape or form. We do not recommend investing based on our opinions and strongly cautions that securities trading and investment involves high risk and that you can lose a lot of money. Loss of principal is possible. We do not recommend risking money you cannot afford to lose. We do not guarantee future performance nor accuracy in historical analyses. We are not registered investment advisors. Our ideas, opinions and statements are not a substitute for professional investment advice. We provide ideas containing impersonal market observations and our opinions. Our speculations may be used in preparation to form your own ideas.
LIVENT CORPORATION - LITHIUM Livent Corporation (NYSE:LTHM)
No of HFs: 20
Total Value of HF Holdings: $214 Million
The lithium chemicals produced and manufactured by Livent Corporation are used for applications in batteries, agrochemicals, aerospace alloys, and other industrial applications. The Global CSR Rating Agency, EcoVadia, awarded LTHM the 2020 Gold Status for sustainability performance. During the fourth quarter of 2020, the company reported a revenue of $82.2 million and a GAAP net loss of $5 million, or 3 cents per diluted share.
At the end of the fourth quarter, there were 20 hedge funds in Insider Monkey’s database that held stakes in Livent Corporation. Robert Karr’s Joho Capital boosted its stake in LTHM by 28%, with $70 million invested in the stock at the end of December.
LITHIUM AMERICAS CORP - BULLISH TRENDLithium Americas Corporation (NYSE:LAC)
No of HFs: 12
Total Value of HF Holdings: $33 Million
One of the largest producers of lithium, Lithium Americas Corporation is ranked tenth in our list of 11 best lithium stocks to buy now. The company owns large-scale assets located in Argentina and Nevada. LAC focuses on the development of the Thacker Pass project. LAC was acquired by FMC Corporation in September 1985. During the third quarter of 2020, the company reported a loss of $6.5 million or 7 cents per share.
There were 12 hedge funds that held positions in LAC by the end of December, compared to 3 funds in the third quarter. The biggest stakeholder of the company is Axel Capital Management, with 780 thousand shares, worth $9.7 million.
Massif Capital mentioned LAC in its Q4 2020 investor letter:
“Selling covered calls on Lithium America (LAC) contributed roughly 0.75% to the portfolio’s quarterly return. The covered calls we sold were laddered and had increasing strike prices at points at which we would have trimmed the position for portfolio management purposes. The volatility of Lithium America’s equity made the calls a remunerative opportunity. We believe LAC may have a long way to go before it is appropriately valued, but we will continue to use covered calls to trim the position size should the opportunity present itself.
We first evaluated LAC in April of 2019 and invested in February 2020. At the time of our investment, a discounted cash flow analysis of the firm’s projects produced a $6.5 valuation versus the share price of roughly $2.8. Today, a year later, we think LAC is worth $18 per share. What changed over the last 12 months such that we revised our estimate up by 170+%?
1. The risk associated with project development, and 2. Time to production
LAC’s South American brine operation secured sufficient funding to bring the project to commercial production (financial de-risking). Their North American clay project received critical environmental permits and made substantial progress on the firm’s processing technology to turn lithium-sulfur into lithium salts (operational de-risking). These developments allowed us to lower the discount rate used on future cash flows to reflect where LAC sits in their development cycle. LAC is also one year closer to production, which means cash flows are accretive to the firm sooner.
In either scenario, a shared thread among most growing businesses is elevated volatility. Perhaps obvious, but again, consider the valuation ramifications. Discounted cash flow analysis treats volatility as risk, and value is subtracted from the business. Option analysis treats volatility as an opportunity and rewards the potential asymmetry. Growth investors frequently think in terms of options, traditional value more in terms of cashflows. Tangible asset businesses, which are historically the value investor’s domain, now need to be evaluated with greater attention being paid to both aspects of the companies future, with investors’ judgment determining where the majority of the weight lies in the final intrinsic value calculation.
We want to poise an open question: how comfortable are you valuing a capital-intensive, pre-revenue R&D operation, selling a compelling product into a market that does not yet exist (hydrogen producer, electric vehicle charging company) or an incumbent that fundamentally changed their business model without changing their product (green aluminum, or steel, a coal-burning utility that is now a fast-growing renewable utility)?”
LAC - Lithium PlayYou throw enough $h!t at the wall - some of it will stick. If we hold 200MA - lights out, cosmos, Gagarin....Hello Laika
Biden and his "eco" friendly agenda will run this up to the moon. Check out Lithium Americas website. Not your ordinary 2 dudes in the basement operation that you typically like to buy. Mega potential.
Big day for QuantumScape coming up!We have to hold above the lower support line of this symmetrical triangle.
If we close below it on the daily, then we can expect to go even lower (the price target for the break down is very very low).
If we hold and end the day green, then we'll likely stay within the triangle, and move closer towards the 50d MA, which is when I would flip to bullish.
Watch carefully.
RMO: Nice bullish correction in progress!RMO has been picking up some steam. Made what looks like an impulse, and now it is correcting. I'm very bullish on this! Will this develop into a flat, or just a simple zag?
Banacora LithiumBanacora Lithium (BCN) - London AIM, have reported a 'Lithium deposit with over 200 years of resource life' from 'the world class Sonora Lithium Project in Mexico', producing '17,500-35,000tpa Li₂CO₃ / year' of 'high quality 99.9% lithium'.
In correlation with the demand for lithium, and a current share price of p46.075...
I've already bought, and holding!
$LAC Target 24.76 for 27.56% Or next add level is at 14.06$LAC Target 24.76 for 27.56%
Or next add level is at 14.06
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
CBAT Day/Swing-Trade IdeaCBAT's descending wedge trend has reversed into an up trend.
Little resistance is expected until it hits the $6.02 local fibonacci retracement support/resistance level.
A day trade may be possible from $5.50 - 6.02 range.
*Note - Prices tend to peak between 9:30 AM and 11:30 AM EST historically (See Chart).
A swing trade may be possible from $5.50 - $7.24 over the next week.
RMO: Starting the next impulse?This one looks good. It's looking like we're going to break out of the channel instead of making a new low. I've started my position already. I'm a little down on it but today was great. Got me back to not feeling so bad. lol
If it stays in the channel I'd like to buy some more. Long term hold for me. I feel like this one has more fundamental strengths going for it, versus QS. I guess time will tell.
What's your favorite Li-Ion play?
More dip buying @ $29MP is at a critical support which is not just a trend line support, but also the 50MA.
If the broader market weakness ends, I can see MP re testing the $50 high this year. Earnings later this month can be another possible catalyst, although I don't think positive earnings will be enough if market is weak. RSI still has room to dip, so I wouldn't be loading up here if you want to average in. If you don't hold a position though, great price to start at.
If the sell off continues today, I see a great opportunity to dollar cost average at $28-29.
MP is a great hold in my opinion, and has played beautifully with my previous price targets -- although a few weeks later than I expected (but eventually crossing my original price target of 42!)
Good luck!
SQM is recharged 🔋🏎 and ready to take off 🚀🛸The world’s biggest lithium producer is ready to take off
We look for the price target at 75
Today entered volume (large), Candle shows strong purchases during the session, Volume Profile reflects high trading area at the level of 56
By development of Elliott Waves, it could be the end of Corrective Wave 4 (Correction to 23.6% of FIBO)
don't lose your seat in this new take off.🚀🚀🚀
🛸🛸 Atacama Desert 😉