mptrading74675

Ascending triangle breakout

Long
ASX:EUR   EUROPEAN LITHIUM LIMITED
I mentioned that I'm bullish on commodities, not only lithium. The oil prices are going higher as I assumed and will most likely continue and possibly even reach a few hundreds in the next ten years.

This chart is pretty illiquid - especially in the beginning - and difficult to analyze but I looked at the big picture and I conclude that the smart money accumulation range should be over. 1.45 AUD should be possible in 1 - 2 years. $ 0.40 AUD is the shorter term target but everything is possible here. Just for small positions in my opinion!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.