SQM_A trade ideas
Energizer Trade โ LithiumSociedad Quรญmica y Minera de Chile - $SQM - is a Chilean chemical company and a supplier of plant nutrients, iodine, lithium, and industrial chemicals. It is the worldโs biggest lithium producer. SQM's natural resources and its main production facilities are located in the Atacama Desert in the Tarapacรก region. Check out this monthly GoNoGo Trend chart of $SQM going back to the mid-1990s.
What is fascinating about these shares is that on every timeframe โ quarterly, monthly, weekly, and daily โ the stock is in a โGoโ trend. Notably, the quarterly and monthly charts are poised to lock in all-time closing highs. That is bullish.
If you watched the Super Bowl, mainly for the creative genius in the advertisements as I did (Bengals Fans), you may have noticed every major auto manufacturer is releasing new electric vehicles. The demand for lithium in each of those batteries could drive price action for lithium miners faster than Arnold could drive that new electric truck!
$SQM can rise in the next daysContextual immersion trading strategy idea.
Sociedad QuA-mica y Minera de Chile S.A. produces and distributes specialty plant nutrients, iodine and its derivatives, lithium and its derivatives, potassium chloride and sulfate, industrial chemicals, and other products and services worldwide.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $55.69;
stop-loss โ $53.81.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
SQM - Symmetrical Triangle Hi guys,
SQM (Sociedad Quรญmica y Minera) it's a stock of an emergin market, Chile.
It has really good chances to go up and probably break up the resistance after weeks of accumulation.
RSI shows that there is a hughe chances to go up too. Let's see.
RR: 1:5 - 1:7
Safe trading.
$SQM can fall in the next daysContextual immersion trading strategy idea.
Sociedad QuA-mica y Minera de Chile S.A. produces and distributes specialty plant nutrients, iodine and its derivatives, lithium and its derivatives, potassium chloride and sulfate, industrial chemicals, and other products and services.
The demand for shares of the company looks lower than the supply.
This and other conditions can cause a fall in the share price in the next days.
So I opened a short position from $50,42;
stop-loss โ $54,04.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
SQM is recharged ๐๐ and ready to take off ๐๐ธThe worldโs biggest lithium producer is ready to take off
We look for the price target at 75
Today entered volume (large), Candle shows strong purchases during the session, Volume Profile reflects high trading area at the level of 56
By development of Elliott Waves, it could be the end of Corrective Wave 4 (Correction to 23.6% of FIBO)
don't lose your seat in this new take off.๐๐๐
๐ธ๐ธ Atacama Desert ๐
$SQM with a neutral outlook following its earning release With a negative over reaction following $SQM earning release, The PEAD projected a neutral outlook for the stock placing the stock in Drift C
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SQM BUYBuy signal at 30.25 $
Timeframe - 1 week.
Sociedad Quimica y Minera de Chile S.A. (SQM), is a producer of potassium nitrate and iodine. The Company produces specialty plant nutrients, iodine derivatives, lithium and its derivatives, potassium chloride, potassium sulfate and certain industrial chemicals.
It's interesting for me due to mining of Lithium. Which is used to create batteries.
If you want to see more history of this strategy, I will able to show you if you request me.
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You can use the signals independently or like indicator of trends together with other indicators in your trading strategy.
Know that the success of your strategy that based on those signals depends from your money management and the additional conditions that you make in these strategies.
You use these signals inside your strategies at your own risk.
The chart shows the last trades on the product + the last signal.
I have several strategies for different products, and I want to show you proof of it works on history, and you will be able to see it, when returns to that profile.
Therefore, subscribe and watch for that profile.