$NMT- Strong volume, bottom fished this stock #LithiumNMT bought at 0.710, bottom fished this. So far maintaining the trend line upwards, hoping to see a break of ATH and continue uptrend
ASX
SSM - Triple Bottom Looking Strong.SSM broke out of the downtrend line in late June 2021, and rallied and formed a high of $1.030. This indicates its end of the downtrend. The current pull back has retested support and bounced off as of lately and forming a triple bottom pattern which looks quite bullish. I would be targeting the previous high of $1.030 (potential 16% gain) with a hard stop below the triple bottom support at $0.810.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ACDC battery tech consolidation One of my favorite ETF's to trade on the ASX is the ACDC battery tech beast.
Its had a steady rise since the covid drop with over a 120% return so far, but we moved into a consolidation range with an upwards pressure since the start of the year.
We have had a few touches on either extremes of this range and im expecting it to break sooner rather than later.
Looking to add to my position if we get a chance around 91.50 again and then simply waiting for confirmation incase we get invalidation and drop through this HTF consolidation.
Bullish on the space for a while longer and the chart looks good for a push.
88E - Trade Plan88E is in a pull back phase. The current level is a decent support which is also a trendline support zone. If price action gets bullish at the current level, between $0.030 - $0.033, I may take a long position. If price fails at the current support and drops, then my 2nd Buy Zone is between $0.020 - $0.023 level. I may wait for bullish price action with confirmation to take a long position.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
AWC - Trade PlanAWC has broken out of its downtrend line and rocketed higher last week without any pull back. It may find resistance up in the $2.100 zone, and any pull back lower shall be a great buying opportunity. My area of interest is the old broken resistance zone between $1.780 - $1.80. Lets see how it goes.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
LPI - Good Buying Opportunity!LPI has pulled back towards it trendline support and has bounced off once. I believe it is expected to consolidate for a bit and continue its move to the upside. I am bullish LPI with my first target of $0.350 (potential 28% gain). Keeping in consideration the Bullish trend in Lithium, we could move much higher. My second target is $0.445 (potential 55% gain).
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
$LPD- Strong Upward Trend and MomentumThe trend is holding strong going upwards and momentum is building. Lithium demand is building especially as demand is outweighing demand in the near future
ASX:ORE #ore Orocobre Limited - Lithium play reviving ....?ASX:ORE
Orocobre Limited is one of the world's largest & lowest cost lithium chemicals producers.The only ASX listed company producing high value lithium chemicals.
Renergen RLT V bottom recoveryNie change in market structure with that V bottom recovery on RLT and a sweet break and gap up off the next line.
Already in a position but looking to start pyramiding orders on this pull back and trade the trend up.
first target around 2.26 but chasing the 2.80 highs by end of the year isnt out of the question which is over 100% from the v bottom.
$GW1- Breakout of Higher High Lower High Set upBreakout of the Higher High Lower Low set up with announcement the catalyst. The only lithium stock that hasn't run yet, looks like the start of a possible uptrend
$LKE- Possible BreakLKE looks like an ascending triangle, may pop depending on market conditions and pending annoucements
Stonks doesn't always go upPNI gives you all the indicators of an overvalued, overbought stock. It has had a crazy month so far but I don't think Pinnacle investment can keep up the trend anymore.
1. The volume is falling rapidly while the stock makes new highs. Not good. The last 5 days volumes are (498.2k, 414.1k, 385.9k, 332.5k, 229.1k). This is from the ASX website.
2. There is a gap up which hasn't been filled.
3. No clear support whatsoever until $12.5 and $10.5.
4. Just look at the RSI !
When stonk god gives you clear signals go with it. This is a massive short opportunity.
ABC.ASX_Down Trendline Breakout Trade_LongENTRY: 3.71
SL: 3.50
TP1: 3.87
TP2: 4.26
- ADX>20
- RSI<50,RSI<70
- Daily RS +ve
- Daily FFI +ve
- Daily MACD -ve
- Weekly RS -ve
- Weekly FFI +ve
- Weekly MACD +ve
- Showed strength on 4 Aug 2021.
- Retraced close to 50% Fib level (3.60) with lower volume.
- Breakout of down trendline with high volume on 18 Aug 2021.
Asx short at highso a very special divergence has formed and from our top down analysis we can see a rejection creating a retracement which has led to a somewhat change in structure and the formation of a dropping wedge
Such a Textbook setup is always bound to betray u keep ur guard up
SORBeen following this for a little bit and took a couple of positions after the big retracement, not the best entries but still in profit, but more excited about the current formation towards the major resistance level.
If we have another push towards that resistance at .40 we could see a break and start to really accelerate the trend and build new structure above.
Keeping a close eye on the .40 area incase we are met with a rejection and we fall back to range lower.
APX - Trade PlanAPX has been consolidating for a while but the price action is very telling. It plummeted hard since August 2020 after making a peak around $44.00 all the way down to $11.00 in May 2021, ( a Fibonacci retracement of 78.6% since its IPO). The recent price action indicates that the trend may have changed after it broke out of its downtrend line coupled with High Volume. Since its recent high of around $14.70, it pulled back to 78.6% and forming a potential double bottom which indicates that there is very good support. The global POC of its Volume Profile is at $12.40, which is also a good level of Strong Support. There is bullish divergence on the MACD which is a sign of exhaustion of Selling momentum.
I am bullish APX and expect price to thrust higher. My target is $18.30 with a stoploss below the double bottoms at $10.80.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ARB.ASX_ATH Breakout Trade_LongENTRY: 48.13
SL: 46.50
TP: 51.10
- ADX>20
- RSI<50,RSI<70
- Daily RS +ve
- Daily FFI +ve
- Daily MACD +ve
- Weekly RS +ve
- Weekly FFI +ve
- Weekly MACD +ve
- MAs are aligned.
- Breakout of down trendline on 15 Jul 2021 with good volume.
- Retraced on lower volume to 50% Fib. level before buyers coming back in on 28 Jul 2021.
- Breakout of ATH on 11 Aug 2021 with good volume, and entry based on this.
- Looks like earnings announcement is coming soon, and automotive sector is doing well globally. Hence, would expect a good earnings result to push the price higher.
TYR.ASX_Range and Up Trendline Breakdown Trade_ShortENTRY: 3.28
SL: 3.48
TP1: 3.00
TP2: 2.64
- ADX<20. Would like to be higher.
- RSI<50,RSI>30
- Daily RS -ve
- Daily FFI -ve
- Daily MACD -ve
- Weekly RS N/A
- Weekly FFI -ve
- Weekly MACD -ve
- Breakdown from range and up trendline on 18 Aug 2021 first.
- 19 Aug 2021 showed buyers coming in but closed with a long head wick indicating possible sellers still in play.
- Breakdown today rejecting up trendline and support-turned-resistance area. Continue to be bearish as long as closed below this area.
KMD - Trade PlanKMD has been in a nice uptrend but is currently pulling back. It has approached a strong support level and could provide a good buying opportunity. If we see price consolidating and stays supported here, I will take a buy position once bullish price action is confirmed.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
