Taken a position in vulcan today. Sellers seem exhaustedQuick flip unless it shows strength of continuation. Stop loss $4.80. 20% below cap raise price.
VUL trade ideas
Vulcan energy in need of a consolidation periodLooking for vulcan to consolidate for a few weeks in the yellow box. Between $6 and $6.80. A break above $7 would be a good sign, but before any pushing to the highs, there would need to be another shakeout and retest of the $6.80 zone. All this can change though with lithium news as well as the US stimulus being used to buy American lithium stocks. On watch until it breaks $7
Vulcan primed for the next 2 weeks.Following bearish trendline, a break here will see vulcan start a new uptrend where i predict it could make new highs by July. Zero carbon lithium will be the way of the future for EV batteries.
Recent cap raise at 6.50 puts a tight stop loss for entry and good chance of reversal this week. Next week could see $8 again if trendline is broken and volume comes in.
High watch
The Parabolic Rise Begins...This is in the start of a parabolic wave (3) of larger degree and will cycle a lot higher long term strap in and hold on!
VUL:ASX - VULCAN ENERGY - Zero Carbon Lithium and Tesla DirectorLate play in the day. VUL popped up on a higher than normal volume and price scan. I had a bit of a read of their latest announcement and looked interesting. They are making a strong play for the battery metals market in Europe with zero carbon lithium as their differentiator. Have an ex Tesla director in their employ to help broker deals. Bolly looks to have compressed after a period of price consolidation building a base. RSI and Volume both look like they might be ready to head up. Could be worth a look.
From their release: 20/10/2020
About Vulcan
Vulcan Energy Resources is aiming to become the world’s first Zero Carbon Lithium™ producer, by
producing a battery-quality lithium hydroxide chemical product with net zero carbon footprint from its
combined geothermal and lithium resource, which is Europe’s largest lithium resource, in the Upper
Rhine Valley of Germany. Vulcan will use its unique Zero Carbon Lithium™ process to produce both
renewable geothermal energy, and lithium hydroxide, from the same deep brine source. In doing so, it
will fix lithium’s current problems for the EU market: a very high carbon and water footprint of
production, and total reliance on imports, mostly from China. Vulcan aims to supply the lithium-ion
battery and electric vehicle market in Europe, which is the fastest growing in the world. Vulcan has a
resource which can satisfy Europe’s needs for the electric vehicle transition, from a zero-carbon source,
for many years to come.
Recent activities by the Company (v-er.com):
• Appointment of former Tesla director Jochen Rudat to Business Development team.
• Taro license grant and increased global Mineral Resource Estimate.
• Appointment of lithium industry expert Vincent Pedailles to Business Development team.
• Appointment of lithium chemistry expert Dr. Katharina Gerber to the Executive team.
• Excellent recoveries of over 90% from lithium extraction test work on Upper Rhine Valley brine.
• Securing EU backing support package, and EU-backed investment agreement into the Vulcan
Zero Carbon Lithium™ project.
• $4.8m institutional and ESG investor equity placement.
• Agreement to acquire 3D seismic package to accelerate project development. Commencement
of lithium test work for Pre-Feasibility Study. Completion of positive Scoping Study
Tesla Battery Day Reaction play Buying pattern spotted after Tesla Battery Day on the 24th of September.
Followed buyers when the sector was falling, with an average price of 0.96
Watch out for gap up region with high volume from $1.04 to $1.15. More upside coming this level holds
Conditional exit trigger at 0.97
$VUl bit of a c&h there at 60Battery Minerals seem to be holding up. Time for the lit leaders like VUL and NVX to go again?
