1772 complex Analysis Long I put my idea on 1772 Gangfeng Lithium on both long term and short trends
1772 trade ideas
Someone asked to analyse this lithium company For those who wants a more global and wider coverage instead of a single company and consider this ETF
Bullish FNENFGanfeng Lithium bounced off resistance yesterday and formed Stochastic, MOM and MFI divergences. I am bullish on the stock.
NS background ganfenglithiumhkstock, ganfenglithium:
risk and reward ratio 1:2
shakeout complete and currently doing a test with low volume
ns background😉
SEHK 1772 - Ganfeng Lithium Double Bottom BreakoutOne of five priorities in China's 14th 5 year plan include pledges to peak carbon dioxide emissions by the year 2030 and at the same time, venture into green energy as an alternative energy source. Ganfeng Lithium - One of Tesla's lithium battery supplier - has been benefiting from this trend.
On the daily, we can see that Ganfeng has formed and broke out of the Adam & Adam double bottom; a bullish pattern. This is in confluence with two bullish pin bars the prior two trading sessions and a decrease in volume before a huge volume breakout today.
Have gotten myself a position at one of the Adams and will plan to swing it till the up-trend breaks.
Links:
China's 14th 5-year plan - crsreports.congress.gov
