SLI 3D chart, lithium producer coming online in the USA -Nice bull pennant and flag -I am long term bullish -Still in a downward wedge accumulation -Watching for breakout above upper trendline None of this should be interpreted as financial advice, I am not a professional or certified financial adviser! all charts, and or analysis' are my personal opinions and...
Entered trade as SLI came through the previous week's high after a two month pullback to the 100-day line and experiencing volatility contraction over the last couple of weeks of trading. My stop loss is under Thursday's low. If the Electric Vehicle trade stays hot, the lithium stocks, such as SLI, should continue to rise with the E.V. stocks.
Opened half-sized position on strong move over two important pivots. No earnings as of yet which would normally be a red flag, but strong volume patterns all over this lithium company's stock make it difficult to ignore. Other lithium stocks ($ALB $LAC) showing strength & look like they're ready to break out of bases. $SLI displaying relative strength within...