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Volt Lithium ready for healthy uptrendVolt Lithium recently announced the successful deployment of their new DLE field unit in the Delaware Basin in partnership with a significant oil and gas producer. These units can be tailored and scaled for production at individual oil and gas well sites, making Volt's production flexible, geographically decentralized, and cost effective (Volt has one of, it not, the lowest lithium production costs as well as the lowest recoverable PPM that I have seen). Volt is a leader in current DLE production and has the benefit of maintaining a very low all-in sustaining cost- and ability to start small and scale upward. Volt's management team comes from the oil and gas industry and understand the business, giving them an edge on their competitors. Looking at the charts - the price trend is holding strong and is touching both against the upper boundary of a wedge as well as bumping against a significant price level. I have hidden the much older price action that happened prior to the restructuring of the company into a pure lithium-focused company. I am expecting an eventual price breakout to the upside where the market cap reaches ~$250M USD or greater in the coming months and year. In the short term the price may either experience a modest pullback into this year's trading range or generally hold at this level prior to a breakout upward. Breakout above the wedge and holding steady above ~$0.5 CAD for a few days or weeks will be a clear indicator to me that we will see upward price movement over the coming months.
TSXV:VLTLong
by nothximgood
SHORT Royal Bank of Canada at 168.8 due to divergencesHello! Id like to be short Royal Bank of Canada here at $168.8 as it has divergences vs Commonwealth Bank of Australia (Who are in a very similar position) and on its RSI. We had a similar instance in 2023, that ignited a 20% decline in Royal Bank of Canadas share price. Target is an 11% decline to the January 2022 high at $150. Stop is just a couple of dollars above the current share price at $172.00. This allows a 6:1 risk reward ratio. Thanks! Kavi
TSX:RYShort
by kavijh
$NXE continues to hold longterm monthly trendlineWe are seeing continuing pressure from the US to secure it's uranium supply as Russia hints at at restricting supply. Nexgen's The Rook I Project (Project) is the largest development-stage uranium project in Canada. The proposed new underground mine and mill development is located in the uranium-rich district of the southwestern area of the Athabasca Basin; located in Saskatchewan – a premier mining jurisdiction. Centred around the land-based, basement-hosted Arrow Deposit – one of the world’s leading resources – the Project maintains a robust economic profile and is being developed with elite ESG commitments focused on environmental protection and maximizing community benefit through a partnership approach.
TSX:NXELong
by luckyluuuc
MAG - 4 months RECTANGLE══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment; - since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant; - the information that I think is important is very simple and can easily be understood just by looking at charts; For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart. Thank you all for your support 🔎🔎🔎 ALWAYS REMEMBER "A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist" ═════════════════════════════ ⚠ DISCLAIMER ⚠ Breakout Area, Target, Levels, each line drawn on this chart and any other content represent just The Art Of Charting’s personal opinion and it is posted purely for educational purposes. Therefore it must not be taken as a direct or indirect investing recommendations or advices. Entry Point, Initial Stop Loss and Targets depend on your personal and unique Trading Plan Tactics and Money Management rules, Any action taken upon these information is at your own risk. ═════════════════════════════
TSX:MAGLong
by TheArtOfCharting