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. Provided they are powered by lithium-based batteries SQM is a safe bet.
www.autoblog.com/2019/07/13/vw-f...
Trade size as always scaled to have a risk exposure not more than 0,3%.
Exit strategy - collecting 50% of profits at 36. Further as advised by PA potentially converting to long-term hold.
Also just now Ford and VW announced the alliance to build electric self-driven cars. This is huge. Provided they are powered by lithium-based batteries SQM is a safe bet.
www.autoblog.com/2019/07/13/vw-f...
Trade size as always scaled to have a risk exposure not more than 0,3%.
Exit strategy - collecting 50% of profits at 36. Further as advised by PA potentially converting to long-term hold.
Anulowano zlecenie:
Never followed through on this one. Still waiting.
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⏱️ Timely updates of WTI, Gasoil, NatGas charts explaining every twist
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🌏 energeiacharta.com
⏱️ Timely updates of WTI, Gasoil, NatGas charts explaining every twist
🗃️ Extensive analysis archives
📏 Chartopedia, with examples of applying ElliottWave to real world charts