POSSIBLE BUYS💡 Today we analyze Standard Lithium Ltd. (SLI) at the request of a subscriber
Standard Lithium operates in the lithium sector, key for electric vehicle batteries. Although it is in a downtrend, it is approaching a key resistance at $3.6. Breaking that bearish trend could signal a technical opportunity.
1. Market Positioning: With increasing demand for lithium, Standard Lithium could benefit if it achieves efficient extraction at its Arkansas project.
2. Technical Opportunity: If it breaks $3.6
PSK - 6 months RECTANGLE══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
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Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment;
- sin
CNR has always been a good buy around the 200 week SMACNR has always been a good buy around the 200 week SMA, even if it has taken some time to consolidate here first.
Broadly I think markets are going to turn down, so the rally here will not start right away...
The MACD averages have swung down again, implying more consolidation.
I dont think I have to argue fundamentals for this company... theyre great.
Upside is pretty predictable you just have to zoom out and imagine where this will be in a few years.
$WEED * CGC CANOPY GROWTH CORP. EWP TC FIB 3W TF ANALYSISAs of October 2024, NASDAQ:CGC TSX:WEED is positioned within a significant Elliott Wave cycle, suggesting a complex market environment.
Elliott Wave Analysis:
Wave Structure:
Wave 3 is currently in progress, with expectations to bottom around $2.46 to $2.06 CAD.
This wave represents a major impulsive move downward.
Wave 4 is anticipated to follow, retracing 38.2% to 50% of the decline from Wave 3, likely targeting the $6.50 to $9.00 CAD range. This wave is expected to exhibit a corrective
Outcrop ready for rally?After six attempts to break out the long term bearish trend line from 2007/2011, I see an actual opportunity for going long the next couple of years. The fundamentals of the company are promising and the future cycle of the commodities is the trigger.
OLong
SHORT Royal Bank of Canada at 168.8 due to divergencesHello!
Id like to be short Royal Bank of Canada here at $168.8 as it has divergences vs Commonwealth Bank of Australia (Who are in a very similar position) and on its RSI.
We had a similar instance in 2023, that ignited a 20% decline in Royal Bank of Canadas share price.
Target is an 11% decline to the January 2022 high at $150.
Stop is just a couple of dollars above the current share price at $172.00. This allows a 6:1 risk reward ratio.
Thanks!
Kavi
High Probability Short Trade on CM with 1:5 Risk to Reward RatioHuge liquidity available above ATH 84. Price may sweep the liquidity above and reverse down and fill the fair value gaps. Strict stop loss should be executed if the 30 minute candle closes above 86. Target 1 - 78.5. Target 2- 73.
I would even suggest buying a DEC 20 CM 80PUT @ maximum of 1.4
PS. Use pyramiding for best result
Perfect retestno fundamental reason needed.
perfect retest before more up in a bull market for silver.
don't overthink.
BLong
$NXE continues to hold longterm monthly trendlineWe are seeing continuing pressure from the US to secure it's uranium supply as Russia hints at at restricting supply.
Nexgen's The Rook I Project (Project) is the largest development-stage uranium project in Canada. The proposed new underground mine and mill development is located in the uranium-rich district of the southwestern area of the Athabasca Basin; located in Saskatchewan – a premier mining jurisdiction.
Centred around the land-based, basement-hosted Arrow Deposit – one of the world’
Trend linesLow trend line - strong buy.
After the fed droped rates by 50 bps, be prepared for a wild ride, we could gap up, before we gap down, until within the end of the next year the stock explodes up with the price of silver.
Price of silver is around $31, from all time high in 2011 of $49
MLong
Heliostar #HSTR
Another push toward the 40c line, you can see it has tried and failed to break above it before.
The company is now a producer rather than explorer, and this weighting has to be considered in the momentum the share is feeling and displaying.
Following this closely around the 40c point.
H
MAG - 4 months RECTANGLE══════════════════════════════
Since 2014, my markets approach is to spot
trading opportunities based solely on the
development of
CLASSICAL CHART PATTERNS
🤝Let’s learn and grow together 🤝
══════════════════════════════
Hello Traders ✌
After a careful consideration I came to the conclusion that:
- it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have th
MLong
TA Potential LongTA showing potential here. Just taken the 236 but has a lot of work to do to get going. Trend line resistance followed by the Weekly then Monthly 200MA. Will monitor and adjust alarms accordingly. I will add I do not normally worry to much about the Monthly 200 however we seemed to have pulled back from it in 06/22























