ASX:ORE Orocobre Limited is one of the world's largest & lowest cost lithium chemicals producers.The only ASX listed company producing high value lithium chemicals.
Orocobre is one of the few lithium producers that, as of now, has not hit its alltime-high again. The stock is currently testing an important resistance (resistance level 1). If the stock would clearly surpass this level, a bull-run may occour (according to currently positive EMA signals and RSI). The following analysis gives guidance on possible long and short...
Hello Fellow Trader! ORE.ASX - Lithium producers have been some of Australia’s favourite stocks for several years supporting the worlds change turning to renewable energy in the battery space lead by Elon Musk and Tesla. Last weeks Tesla Battery Day was hyped up to be an extremely positive presentation that would skyrocket lithium back into the Australian...
Positives (Like to see it stabilize around these levels) Infrastructure is in place, making pofits and re-investing the market will eventually turn to demand driven, when the major car companies start releasing more electric models. VW will release GOLF next year.. 5% of car owners in my company have electric cars (stockholm). the intial costs for the car are...
Lithium reached an all time high of 156.80 in January of 2018 and a record low of 62.79 in February of 2016. The Price as recovered at one point it was down from its highs by almost 15% Price Day Weekly Monthly Yearly Date Lithium 139.07 1.17 0.85% 0.05% -5.07% 42.01% Feb/22
starting to show signals of beginning of wave 4 downwards. Still some time until rebuy zone between june and mid-july. Currently holding what i have, possible short about a 5th if wave 4 confirmed.
between march and july i will be looking for some nice rebuys in orocobe. long term i will hold what i have and if levels are reached will up my position and rebuy.
I am expecting a pullback to 4.50 (fib 0.61 level of the growth trend cycle established mid 2017) ; here's a nice entry position to ride the next upswing beyond 5.60 -