$ELBM - Electra Battery Materials - $10.16 RT?

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ELBM broke out in this morning's Pre-Market after China's Commerce Ministry announced that all foreign countries are required to gain approval to export certain products, including rare-earth materials, as well as licensing to export specific lithium batteries.

We're watching as volume consolidates going into Mid-Market for the day, to find our next potential entry points, but depending on the length of these new Chinese Export Requirements, ELBM and others in the sector could benefit.

ELBM found support on the $5.82 while retesting this $6.08 previous level of resistance, which we expect another level to be around the $6.84 before a potential $10.16 Retest.
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