Worth picking this stock because of its long-term potential as well as shorter-term price action. Fundamentals are strong - the stock is almost 3 times less future cashflow . I am reacting to oversold RSI , couple of pinbars on W chart and 200MA resistance on M.
Also just now Ford and VW announced the alliance to build electric self-driven cars. This is huge....
Expecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
Chilean Stocks.
Pure Technical Projection.
Correction phase.
Seems there's an H&S pattern in process and near to complete.
If it breaks to the downside, it will complete the last leg of a big Bat.
The opportunity is to short and trade the reversal at the showed targets.
I think $SQM presents investors with massive reward to risk ratios here. Downside is minimal, whereas potential upside is huge. Prices can climb up to $281, in case of a quarterly uptrend, and eventually reach prices as high as $1841.65 over time, whilst paying a hefty dividend as well.
Electric vehicles are a huge source of ever growing demand for lithium, and...
SQM NYSE:SQM is a chilean Lithium mining stock for
EV Batteries and takes advantage of US$ to Chilean value as well. EV Truck manuf.
just starting and will require more and more lithium.
Another big news story that hit the market in the second quarter was worries that Tesla
might not be able to deliver its Model 3 on time due to a battery shortfall. This...
NYSE:SQM
* Lithium play
* USD/Bolivian currency....
* Mining play
* Sequencing watch
* Break out from downward wedge
* Discount on Lithium levearaging USD
SQM showing why they are the number one lithium stock compared to their peers. KDR has their JV at Mt Holland with them and if SQM does well share price wise so with KDR.
$SQM Looking to be the first major to regain yearly highs from the oversupply scare and DOW selloff. SQM to report this week. Watch for comments on expansion plans
