CRECF: Ascending Triangle (56%) Cup'n Handle (89%)Critical Element Lithium is a material stock currently on the rise. Lithium is a critical component of the battery industry. With current demand for low-to-no emission vehicules, this stock is in the right spot for a continued trend up.
Left hand side graph shows an ascending triangle on the daily with a possible total gain of 56% for a price target of 2.34$.
Top right graph shows a cup'n handle on the weekly chart with a total gain of 89% for a price target of 2.76$.
These two graphs are NOT confirmed yet.
Both graphs are showing similar price targets on different timeframes with different paterns. This increases confidence in achiving the target goal.
Caution: This stock is OTC (Over the counter). Risky play.
Finally, the industry sector chart (bottom right graph) has broken through the 550$ resistance (red line). This makes an even broader statement into a bullish trend for the materials industry, increasing even more the confidence level of IPI hitting the 2.30$-2.75$ price target.
Stay humble, have fun, make money!
