Element 25 back up above resistance. Ready for its next run?Element 25 is back up above its 20 day moving average and broken above its upper bollinger.
Could be worth a look.
E25 trade ideas
E25.ASX_Breakout Trade_LongENTRY: 2.04
TP1: 2.28
TP2: 2.73
SL: 1.82
- ADX<25. Would be better if higher.
- RSI>60.
- RS +ve
- FFI -ve
- MACD daily +ve
- Breakout with good volume
E25 pushing up into ATHE25 looking good and sitting just above ATH. Company tracking well to its advertised timelines. All indicators still bullish so looks to have a good few weeks ahead to the end of Q1. Happy to take a buy and hold here. Possible retest around 1.980 but should push on to new highs pretty easily. For educational purposes only. Do your own research.
E25:ASX - ELEMENT 25 - Manganese producer for car batteries.Element 25 is up over 800% since its March lows, buoyed by Teslas announcement of moving its battery technologies to a new innovative type of lithium-ion battery with a cathode that contains around 33% manganese, made directly from manganese metal. Could be worth a look - especially being a "green" producer of Manganese.
From their website:
Element 25’s wholly owned Butcherbird Project hosts a very large manganese resource containing over 260 million tonnes of resources. This world class resource underpins the Company’s core strategy of entering the manganese market with a low capital cost manganese concentrate export start up operation following by a downstream processing pathway to produce high purity manganese products powered with renewable energy. A cleaner, lower carbon flowsheet coupled with high penetration renewable energy place Butcherbird at the forefront of sustainable metal production.
