Core Lithium listed on the Australian Stock Exchange was once a Darling up +550%, but became a Dog IMO.
As seen on the Trend Chart Study, these commodities are very cyclical, and by Zooming Out - the Clearer Picture is seen.
One should always do this for Commodity Type Stocks. They are almost never long time Investments.
However, if one can Grab some at the right...
Not looking good for CXO -
On the daily chart, a double top has formed with a measured move down to 82c on the cards.
Zooming out on the weekly log chart, another double top is forming with a measured move to 40c.
CXO looks to be forming a running flat in the short term. C-wave is incomplete so a little patience is required before considering an entry. Any move to the golden zone will need to be scrutinized. The 92c and 89c level represent sturdy resistance and support zones. Could also possibly become an expanding flat in the future. A tight stop loss here (5 to 7%) is...
Moved from a running flat to an expanding flat . Spot lithium prices have fallen 34% in the month of March, highlighting a slowdown in demand caused by contractionary monetary policy. The spillover effect onto major banks indicate a stronger possibility of further downside which may lead to a recession during summer (US). Downside is clearly linked with a number...
Australia's Core Lithium has been in a pretty strong uptrend over the last couple of weeks.
The RSI looks like it can run higher based on past levels.
Could be worth a watch.
(also thought I'd try a darker theme for the fun of it)
History were and will repeat. Please take into account everything before you buy any stock. Im not expert and it’s my opinion. Fundamental are very strong covering price of lithium to expect cxo as next producer of lithium in less than 6 months. No debt and seeing professional expectation of increase income means only more cash for cxo. Hope to see dividend...
KEEP IN MIND
Price of globule lithium range between 375000 to 500000 cny/t
Production by oct/nov 2022
Other row material such as uranium, gold at core lithium sites
Extended of mines life
Minimum price of share is at around $2-$3 by dec 2022
I would personally take advantage of low price at the moment before building new high
Hi All!
I noticed this pattern when checking the performance of the Lithium stocks on the ASX today. Core Lithium has been one of the markets favorite lithium stocks on the ASX and has had a great run in the past year. The two bearish patterns observed make's for a short trade.
It reached ATH on 3-Mar (point 1 on the chart), pulled back and continued to make new...
CXO has been running really well over the last 12 months and especially recently with the surge in demand for Lithium.
I like these kinds of patterns and will try and focus on them more in 2022 where the stock has been in a nice uptrend, had a pull back to a value area and then resumes its run.
I'll spend more time looking for these using the 20 day moving...
Core Lithium which will begin to produce lithium in the 4th Q of 2022 has been going up significantly in the past three months, and not that Tesla and Core signed a Deal to deliver 110,000 tpa, initially for four years, it will take off. www.reuters.com
follow another lithium in Australia.
they are on time with construction
June would be best for core lithium and price increase start to show here too.
IMO
all the best
