LGO trade ideas
Just has that rounded bottom feelThis chart just has a nice rounded bottom in the making IMO. That is if the global trade issues get sorted out and the outlook for growth improves. LGO is very susceptible to the China trade issues and global growth overall. If the Indices decide to take another trip south LGO will go down with them. That being said I'm in the camp that we see a continued rally in equities until mid-late January.
Long Largo Resources because of Vanadium batteriesBecause of rising prices of Vanadium, LGO should rise as well. It is one of the biggest miner of V2O5.
Vanadium redox battery can soon replace lithium batteries in electric vehicles and become best storage for renewable energy.
LONG LGO.caVery good R/R here if it break above recent high on the daily. Break out of downtrend after backtest
