PE trade ideas
Tesla's Mining CompanyGoing to analyze this chart to get a good idea of where its going and when it will move in value, but this one's a goodie!
Happy Trading!
Alexander DeGroat
PEMIF- BullishWith current lithium demands rising due to TSLA announcing its intentions to meet its quota for lithium ion batteries by like 2023 or some crap like that. Anyways there is a lot of small time companies looking to rise up with lithium mining and Pure Energy Minerals is looking to be one of several good companies to look into. Drilling locations in Nevada have been looking good so far with PEMIF so I'm going long on this one.
TSXV Micro-Cap Trend TradePure Energy Minerals has been on an uptrend over the past few months. As you can see on the chart, price has been following a trend line that the stock has recently met again. The price has been respecting the 20MA - 50MA during the uptrend and price is currently positioned right under the 20MA, for me this looks to be an area of value to buy for the next move up. It has just had a very bullish day and the StochRSI has shown it moving up from an oversold level, also the Squeeze Momentum Indicator is showing that the squeeze is currently on and the MACD is about to cross to a bullish signal. Next resistance is around $0.93 and my price target is $1.06
Trade valid until price closes below trend line.
