NILI.V Possible Trend Reversal & Entry - First AnalysisNILI.V (Surge Battery Metals)
Candlesticks:
This past week NILI.V closed Thursday with a dragonfly doji candle, followed by a bullish engulfing on friday. The last time a dragonfly doji appeared was on September 9th, which marked a trend reversal that resulted in a 90% in price over 45 days.
Technical Indicators:
MACD on the daily is about to crossover indicating a possible shift in momentum from bearish to bullish.
Possible Entry:
looking for a confirmation on the trend reversal on Monday with a candle closing above the downward channel that Nili has been trading in over the past couple weeks. If that happens I will take a long position and be looking for profit taking opportunities at .40, .45, and .50 cent price ranges.
I am new to trading and this is my first analysis. Let me know what you think and if I got anything wrong here, any feedback is appreciated!
NILI trade ideas
NILI.CA: Bullish Pennant, not confirmed (78%)Bullish pennant for NILI on TSX.
Not confirmed yet but metal for batteries is a hot topic right now.
Pros:
1- PPS above 50MA and 200MA
2- RS above 0 and climbing
3- R/R ratio above 5
4- 250RSI above 50 and climbing
5- 50MA above 200MA
6- Both 50MA and 200MA ascending
7- Golden cross circled in blue
8- ATR climbing
9- Post formed with volume
10- Descending volume during pennant forming
Cons:
1- Figure is not confirmed
2- No break out yet
Target price is 1,13$
Again, stay humble, have fun, make money!
MAAX!