LPI has experienced an impulsive 25% drop after Chile announces that it will nationalise its country's lithium supply. Private companies will be forced to work with the state to develop the local industry. I have not looked in depth into Chile's lithium industry and the potential long term consequences but the market demonstrated how it felt about the...
LPI (Laredo Petroleum Inc), an independent energy company (oil and gas). Huge consolidation within a big wedge . Weekly chart with price above Ichimoku cloud , which means the trend is positive. A break of 90 could be the signal of a strong uptrend , with a 1st resistance at 100. The move could target anywhere between 146 and 208. Analysts target: 124 Trade safe.
Based on historical movement, the peak could occur anywhere in the larger red box. The final targets are in the green boxes. The pending bottom should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated SELL on May 27, 2022 with a closing price of...
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%...
Butterfly harmonic pattern: AB=0.78 XA BC=0.88 AB CD=1.6 BC=1.27 XA=$66 *more likely* or CD=2.24 BC=$150
After making a Higher High and then pulling back, LPI seems to be right on support at the moment. I am expecting a break of the trendline with High Volume which shall give me confidence to buy, targeting the previous highs and my stop will be below the previous swing lows!! Please note these are my own notes, by no means trading advice. Please do your own...
Institutions dumped this hedged Texas producer earlier in the year but will be back this winter.
Wow. Bout to break long standing resistance trend line since 2013 !! 50% retrace target just over 9.00
BEEN SELLING OFF SINCE '16 ALREADY POPPED PRETTY GOOD BUT IT'S SHOWING A BREAKOUT ON THE DAILY...BUT IT'S SHOWING BULL DIVERGENCE ON THE MONTHLY TIME FRAME !
As a beginner trader (20 days old), I am trying to identify one pattern every day for a year. Hope all can provide me constructive feedback to hone my analysis skills! This is a training for me. Bullish pattern spotted.
Their is a very strong resistance level and it seems like LPI can't get passed it. I mean the stock tried several times and it didn't work. Now, it's losing momentum and its going to go back in the area of twelve dollars, where i drew the up channel's trendline. What do you guys think ? Buying at twelve dollars may be a good thing.
With the Stochastic approaching the oversold levels, and the price reaching an overlap with the 200 day moving average, I am bullish on LPI. There is a short-term downward channel within a long-term upward channel, and this touching of the 200 day MA brings about a bullish upward trend. I believe that the price will approach the 27's and then will make a strong...