ENVX Enovix: An optimistic battery investment for the futurewww.forbes.com
I am too tired to write now but I bought this stock as an investment. Great team behind it and further ahead than other new-age battery stocks in my onpinion
Lithium-ion
LAC bullish trendlineAs you can see in the chart, LAC, Lithium Americas Corp., a company that explores for lithium deposits, has formed a bullish trendline.
We indeed might see a $40 spike in price like Cowen brokerage predicted.
Perfect Short OpportunityLooks like we just finished the 9 year uptrend with a 5 wave move and even can see a classic throwover associated with rising wedges. Very nice. I just saw an advertisement for this company funny enough and this looks really overextended.
Yes there will be a higher future demand for Lithium but the stock has gotten ahead of itself. This will pullback hard almost without a doubt, and I'm saying we are correcting for the uptrend since 2013 so this is pointing to a deflationary crash actually... once this correction is over though, this stock may be an AMAZING play to go long. The next 10 year bull market will hold explosive upside for this stock once the deflationary correction finishes here.
CBAT Day/Swing-Trade IdeaCBAT's descending wedge trend has reversed into an up trend.
Little resistance is expected until it hits the $6.02 local fibonacci retracement support/resistance level.
A day trade may be possible from $5.50 - 6.02 range.
*Note - Prices tend to peak between 9:30 AM and 11:30 AM EST historically (See Chart).
A swing trade may be possible from $5.50 - $7.24 over the next week.
RMO: Starting the next impulse?This one looks good. It's looking like we're going to break out of the channel instead of making a new low. I've started my position already. I'm a little down on it but today was great. Got me back to not feeling so bad. lol
If it stays in the channel I'd like to buy some more. Long term hold for me. I feel like this one has more fundamental strengths going for it, versus QS. I guess time will tell.
What's your favorite Li-Ion play?
