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.
Key stats
About OREZONE GOLD CORP
Sector
Industry
CEO
Patrick Gerard Downey
Website
Headquarters
Vancouver
Founded
2008
ISIN
AU0000405797
FIGI
BBG01W2717Z5
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ORE - Trade PlanORE is in a strong uptrend making consecutive higher highs and higher lows. This chart looks healthy but currently the last swing high seems quite overbought as the RSI indicator is in the Overbought Zone. We could see a pullback, and if we do then I would be a buyer at a lower price. My Buy Zone is
Orocobre Time and Price HarmonyOrocobre is a Lithium miner in Australia.
One interesting fact is that on Friday, June 28, extremely high volume pushing the price up 3.5%.
Corrective comes in 3 waves usually and i believe it has just completed Wave 3 on June 18. Wave 1 started on May 6. Usually the end of the wave is confirmed
ORE.ASX Long @6.90Breakout Long @ 6.90
Tp 7.36
SL 6.45
Attention to the proximity of the ATH level. A potential catalyst for taking profit.
Inverted Head and shoulders - heading to 7.60 the to 9.00 Inverted Head and shoulders - heading to 7.60 the to 9.00
ORE long after breaking out with good volumeEntry: 4.28
Stop loss: 3.96
Went long on ORE after it broke out today with above average volume from its previous high
3 SMAs are in order
Lithium play on ASXWhile almost every EV stocks are up to the moon in Nasdaq, so as some of the Lithium play on ASX.
Looking at PLS, LYC and ORE in particular, all have been hitting the uptrend since Nov, matching with the Biden's winning of the presidency whom everyone knows is a big advocate of EV. But IMHO, we cou
ORE Lithium is on the boomSince November Lithium stocks have continued to rise rapidly. ORE appears to be forming a cup and as such I feel people may want to start taking profits near the previous ATH.
If a cup does form there is no way to tell how long the handle will last as it is too far away for that however Ive marked
ORE.ASX_LongENTRY: 4.26
TP: 5
SL: 3.96
- RSI>70
- ADX>25
- MAs are aligned
- Decent volume on break-up today
ORE.ASX weakness may continue through $2.20Hello Fellow Trader!
ORE.ASX - Lithium producers have been some of Australia’s favourite stocks for several years supporting the worlds change turning to renewable energy in the battery space lead by Elon Musk and Tesla.
Last weeks Tesla Battery Day was hyped up to be an extremely positive presen
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Displays a symbol's price movements over previous years to identify recurring trends.