SQM Lithium Mining Quimica y minerales de ChiliePossible end of correction
Ending diagonal?
5th wave in progress
0.618 level for buying or buying stop on the wedge
S2CH34 trade ideas
SQM - First lithium major to recover. $SQM Looking to be the first major to regain yearly highs from the oversupply scare and DOW selloff. SQM to report this week. Watch for comments on expansion plans
SQM_ADR, DailyStill waiting the gap to be filled, maybe this red EMA act as strong support...
Aun esperando a que cierre el gap, quizás le EMA roja pueda actuar de soporte...
SQM: Looking great hereI'm holding longs and looking to add tomorrow at the open. There's a chance for a new weekly rally that would take us to considerable heights. The EV growth is a great driver for this stock.
As long as we don't see any new tech like solid state batteries take over, this should be a long lasting uptrend. The Key Hidden Levels indicators show very constructive signals here, giving me more arguments to pile on longs.
Best of luck,
Ivan Labrie.
SQM short (daily chart)Simple technical analysis. Read the chart. Short signal at 33:30 and cover at 30:00. Wait for reversal candlestick/doji and wait for the bounce off the resistance line of 33:30 before actually shorting. Good luck traders.
Comeback?SQM is claimed to be the efficient chemical mining leader in its group. Lithium demand and prices, as well as output along with the stock is expected to increase. SQM financial is weak relative to prior performance, but current levels are holding up and is expected to improve. Lithium competition: ALB, FMC, ASH, POL, TLH, LIT, GXY, LAC, ORE, CLQ, and WLC
Trendline break on SQMOn 5/1 SQM retested lows from 1/15-1/16. Since that test, has been downwards, and today broke trendline.
