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PIEDMONT LITHIUM INC.PIEDMONT LITHIUM INC.PIEDMONT LITHIUM INC.

PIEDMONT LITHIUM INC.

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PLL trade ideas

$PLL longPiedmont Lithium has been on a tear recently. i would be long here. I would also expect a little bit of digestion around the 16.65 level (+10%), maybe even pulling back a little bit from there. However, if it does break thru the purple resistance line, it should be a quick move to the next resistance zone around 23.90 (+60%) , as there is not much volume activity between the purple line and the blue line. Piedmont Lithium is a low float stock (17.8M) as well as it being highly shorted (almost 19% short). These 2 data points could cause Piedmont Lithium to really take off, as the shorts would have to cover. More info on short squeezes can be found on the internet at websites such as investopedia.
NASDAQ:PLLLong
by itssean310
Falling Wedge- BullishAfter finally retracing, the lithium sector is starting to look ready to breakout with buyers starting to step in. Watching LAC & PLL closely here as both are holding massive falling wedges, however, PLL is seemingly forming an ascending triangle as well on its weekly timeframe (See Attached Chart Below). Additionally, PLL is holding the same falling wedge on the 4-Hour timeframe with its Bollinger bands squeezing, along with a Bullish Butterfly Harmonic Pattern, MACD golden cross. Bullish and will be looking for a breakout from this wedge (Broader Market Conditions Permitting)- Just some support and resistance levels to keep an eye on along with some RSI-based supply and demand zones in the meantime -- Price Targets & Previous Charts Attached In Description -- PT1- $56.12 PT2- $58.74 PT3- $60.07 PT4- $61.26+ --Weekly Timeframe-- --4-Hour Timeframe--
NASDAQ:PLLLong
by jacobosiason7
3
PLL - Inverse Head and Shoulders - WeeklyWatching LAC & PLL closely here as the lithium sector heads into earnings. PLL is seemingly holding the same channel after breaking out and retracing back to the channel it's currently holding. PLL is holding the same channel on the 4-Hour timeframe with its Bollinger bands squeezing, along with a Bullish Butterfly Harmonic Pattern, MACD golden cross. Bullish and and anticipating an upward move following their respective earnings reports. (Broader Market Conditions Permitting)- Just some support and resistance levels to keep an eye on along with some RSI-based supply and demand zones in the meantime -- Price Targets & Previous Charts Attached In Description -- PT1- $56.12 PT2- $58.74 PT3- $60.07 PT4- $61.26+ --Previously Charted--
NASDAQ:PLLLong
by jacobosiason7
Piedmont Divergence UpdateHey Folks! The fact that the current higher low, is disproportionately higher and is more over sold than the previous circled lows, and volume is at 60% of the 10-day, tells me that selling pressure is weakening and I should game plan an entry. I am looking for bullish divergence to form within this current set of higher lows. Meaning I want price to fall a little lower and I want to see the RSI establish a higher low. Once RSI cracks above 50% I will consider the trade. If my idea fails, then I expect low $50's. Like i mentioned on my previous idea. There is way more liquidity to the downside, but this is a new and emerging market with big fundamental upside potential. If the NC permits do not get the stamp of approval, it will get ugly. For now it still seems to favor the upside imo. Also, EV sector may start to heat up soon, lithium stocks will see some gains if so. Hope this helps anyone! Happy Trading! OnePath
NASDAQ:PLL
by OnePath
Piedmont Lithium continuation of Bullish DivergenceHey Folks! This is an update to my Head and Shoulders bullish divergence idea. You can see the double bottom Stochastic RSI and continued price increase. Granted it's not the most bullish divergence, but the H&S pattern at this moment, is more likely to play out than not imo. It's not unusual for price to stray only to come back into the fold in a H&S. 10 avg volume has increased slightly after today. I don't pay much attention to analyst price forecasts, but in this case the targets are worth looking into and make technical sense to me. In fact I think they are modest. I'm looking for a 100% return if Piedmont can get their mining permits approved by North Carolina. If approved, PLL would become one of North America's largest sources of lithium for electric vehicle batteries for Tesla and others. This permit approval also adds an extra measure of risk to keep in mind. Also, there is a bearish case of a gap fill at $11.70 and there is a lot of liquidity in the mid 20's. I think this would be the result of a fundamental upset with the permit. Price broke March 31 resistance at $60.94 and looks to be retesting that zone. I will update this idea accordingly. Not financial advice. Happy Trading! OnePath
NASDAQ:PLL
by OnePath
PLL breaks higher, new swing long?Last week PLL decisively broke above the recent resistance area of $75 - where the previous lower high was. On Friday, it printed a pinbar with possible setup for long on Tuesday when markets reopen. When looking at the broad structure out to weekly we can see clear bullish trend with possible wave 4 turning into wave 5 here. I like the potential to at least have a retest of that $85 area in the coming weeks, if not higher. The other thing I like about this stock is it's low correlation with the S&P and Nasdaq - suggest it may have a tendency to do it's own thing if there were a broader pullback across the markets.
NASDAQ:PLLLong
by powdah
1
PLL - A nice uptrend (100+ bagger in 5 months)Piedmont Lithium is an ASX listed rare earth stock that seems to be getting plenty of attention on a number of discussion forums and groups I follow - As such, I thought I'd perform some analysis. Looking at the stock it's broken out extremely nicely from a long period of consolidation in September 2020 from a range of $0.060 - $0.150 to now around $1.120, making it a 100+ bagger if you got in in September 2020 (well done if you did). The trend itself has been pretty choppy, particularly evident in October 2020 and March 2021 (both around earnings releases), however over the trend has been strongly up, with the 20 day MA providing fairly consistent support. Looking at the trend structure, there seems to be fairly regular pullbacks over the last 5 months or so to the 20 day MA, particularly when there is a wide divergence between price and this MA. Based on this analysis the stock could be due for a pullback to around $0.940 mark before resuming the uptrend. If the price breaks below the 20 and heads towards the 50 MA, based on past history I would assume that the stock would consolidate again and this may be the time to exit. Anyway that's my brief analysis, I hope you like it and if you do check out my blog www.nickthetraderguy.com
ASX:PLLLong
by NicktheTraderGuy