SQM Following a Bump And Run Reversal?SQM Looking like an interesting long.
Lithium, battery and EV stocks have been getting a lot of attention lately.
SQM has a nice % in ETF's like LIT.
Hoping SQM breaks through 200 daily sma
SQM_A trade ideas
SQM: Possible Reversal in this Lithium Stock Coming off a big level, I think we should expect another 25% run into the mid 30s.
Longer term chart shows a lot of support
sqmtesla finally pumping out cars in china. above 9ema monthly confirm b/o. others on the move sll, orl, lac, aal, llg
LONG SQM Expecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
SQM is in supply zoneWorth picking this stock because of its long-term potential as well as shorter-term price action. Fundamentals are strong - the stock is almost 3 times less future cashflow . I am reacting to oversold RSI , couple of pinbars on W chart and 200MA resistance on M.
Also just now Ford and VW announced the alliance to build electric self-driven cars. This is huge. Provided they are powered by lithium-based batteries SQM is a safe bet.
www.autoblog.com
Trade size as always scaled to have a risk exposure not more than 0,3%.
Exit strategy - collecting 50% of profits at 36. Further as advised by PA potentially converting to long-term hold.
LONG SQMExpecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
SQMC - Sociedad Química y Minera de Chile.Chilean Stocks.
Pure Technical Projection.
Correction phase.
Seems there's an H&S pattern in process and near to complete.
If it breaks to the downside, it will complete the last leg of a big Bat.
The opportunity is to short and trade the reversal at the showed targets.
SQM: Long term potential gains are astronomical...I think $SQM presents investors with massive reward to risk ratios here. Downside is minimal, whereas potential upside is huge. Prices can climb up to $281, in case of a quarterly uptrend, and eventually reach prices as high as $1841.65 over time, whilst paying a hefty dividend as well.
Electric vehicles are a huge source of ever growing demand for lithium, and $SQM is in a prime position to benefit from this trend. There's also the possibility of funds starting to accumulate shares, as new players enter the electric car battery metals ETF market.
Best of luck,
Ivan Labrie.
Lithium EV Battery Growth - Chilean to US$ plusSQM NYSE:SQM is a chilean Lithium mining stock for
EV Batteries and takes advantage of US$ to Chilean value as well. EV Truck manuf.
just starting and will require more and more lithium.
Another big news story that hit the market in the second quarter was worries that Tesla
might not be able to deliver its Model 3 on time due to a battery shortfall. This is
another sign of supply and demand will drive up prices and profits.
Here is 4hr. chart showing solid entry, which already in below $44 and buying up to $50.
Bolivian Lithium play - SQMNYSE:SQM
* Lithium play
* USD/Bolivian currency....
* Mining play
* Sequencing watch
* Break out from downward wedge
* Discount on Lithium levearaging USD
SQM re-entering the short tradeNYSE:SQM
re-entering stopped out trade due
- continuing negative divergence
- bearish PA (pinbar)
SQM - Uptrend Continuing SQM and FMC both breaking out on volume. Expect to see ASX lithium miners following suit.
SQM short / negative divergenceNYSE:SQM
WHY
- price diverged with indicators
- previously double top on W
HOW
- shorting stock
WHEN
- now
Short SQM negative divergenceNYSE:SQM
WHY
- negative divergence on the chart
- doubled topped previously
HOW
- shorting stock
WHEN
-immediately
SQM - standout of the lithium majors SQM showing why they are the number one lithium stock compared to their peers. KDR has their JV at Mt Holland with them and if SQM does well share price wise so with KDR.
