LGO trade ideas
Largo basement target for 10x plus returnsmarkets huge discount happening all the time this is another to keep an eye on
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LGO.CA: Ascending triangleAscending Triangle, may confirm tomorrow
Pros:
Golden gross (in circle)
Descending volume during formation
Volume at break out
PPS above 50MA and 200MA
RS ascending and above 0
250RSI above 50
ATR ascending
Cons:
200MA flat
If confirmed:
PT = 1.94$
largogood support over 200 ma daily built. News out. + $200 mill cash on hand weekly flag to run ???
LGO ready for another leg up ?If we can close today above 1,18$, then we wil get to 1,78$ within the next 1 or 2 weeks. Lets watch LGO very closely today.
lgopotus new infrastructure legislation passed, less paperwork by huge amount for bridges, roads....steal, concrete...
LGOMaybe going to move over the 50ma. At times when you see a potential bottom and it fail, don't give up and it may take a few tries with a stop in place.
Largo Resources - The best Vanadium stockOversold stock with great perspectives, efficient mining operations. Soon independent direct distributor of vanadium flake. All it needs is to vanadium tick bit higher.
LARGO - LongLGO should reverse up soon, as demand for vanadium is raising, current supply is not enough.
Largo ResourcesLargo resources one of the lowest cost vanadium producers with main project in Brazil. Company explores for vanadium, iron, tungsten, and molybdenum. Earnings have been exploding due to appreciation in vanadium prices last year. I belive prices of Vanadium the 23 element in the atomic table will go north in the next few years which will be triggered by shortage in supply and increased demand. Chinese new rebar standard, Tesla gigafactory in China and Nevada. VRF adoption for renewable energy. Technical point of view RSI oversold, MACD momentum change, Volume increased. 0,70% fib retracement giving very good RRR with at least 2:1. Good Luck
