TRADING OPPORTUNITIES
- Thread starter BEISHA
- Start date
@BEISHA
LTR looks like about to test $1. today close at 0.92 seems to be quite positive.
keen to hear your thoguhts
Nice bullish trend going on here, currently i have them @ subwave 4 down, wave 5 up , so in EW terms, every cycle has 5 waves, so i have calculated that there is one more sub wave up to follow the current sub wave 4 down .....which should by the looks of the indicators which look bearish, find support around 75 .........the complete 5 wave cycle has a target price of 1.22 resistance
This scenario assumes lit spot continues in a uptrend and we dont have any impending macro black swan events.
LTR & PLS chart is pretty similar except PLS lags by a full wave, with sub wave 4 down still to play out, , indicators are bearish so i except more down side to around the 38 /50 fib mark, before sub wave 5 takes over.
All chart opinions are just that..........opinions, not to be taken as advice
Correct me if i am wrong, but i think u and I have a mutual interest.....VRX
I think it could hit the upper of the 8.74 / 11c resistance zone.
imo
Xerof
Flaming 1967
Whatever floats your boat when it comes to technicals. Far more applicable to FX trading anyway, where you have uninterrupted markets
Lucas Don Velor
Regular
Worth a watch… BHM.ax
Bray
Regular
Stop it, we don’t believe in gap rules
Jeez PLS did well today didn't it! I sold out as i'm hoping to trade it over the next few months.
I'm not a chartest at all but I was leaning towards around 2.45-2.50 resistance and then back down. But if the price of lithium goes up a few more times then i guess we're heading up towards the $3
I'm not a chartest at all but I was leaning towards around 2.45-2.50 resistance and then back down. But if the price of lithium goes up a few more times then i guess we're heading up towards the $3
Spikerama
Regular
Funny you should say that Bray but the gap was what I used the other day to get into PLS.
Placed my bid at 1.60 and sure enough a few days later I had my parcel. Sold on Monday after market. Made 30%
Will try to repeat it but don't like my chances with the momentum of LIT behind it at the moment.
Normally though, those kind of violent upthrusts are not sustainable,.
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Lets have a look at how my predictions went for LTR & PLS..
PLS sub wave 4 down hit my 50 fib 1.56, i re bought at 1.75 once 168 resistance was broken to the upside and rode it all the way to the 230 resistance, ended up selling out at 226 and am now awaiting re entry around where gap fill should take place at 1.95 approx whereby sub wave 5 up should continue to my 1.61 fib target of 2.88 / 3.00. Once again just my EW theory and it relies on continued bullish lithium sentiment and the macro dow not shitting itself. Folks, if SP indeed hits 2.85 / 3 then that would be the conclusion of the 5 wave series whereby a decent correction will follow, so it would be prudent to take profit .
I mentioned sub wave 4 down could hit 75 support and it almost did ( admittedly it was helped by a CR, haha ), anyway sub wave 5 up playing out now, will it hit my target of 1.22 ?
Great trading opportunity for anyone into silver. I have made a few bags on this ripper, probably the best silver play on the ASX currently, WCE ( formally ERW ) picked up a existing silver mine which shut down decades ago when silver spot was shit. Silver is now one of the hottest commodities going around now and WCE have started drilling to improve reserves with the long aim of eventually restarting the mine. So far the grade and hits have been phenomenal, with another bunch of assays pending soonish. So looking at the chart, we are looking at early stage sub wave 5 up, small correction in play imo, looks like a cup and handle play with the handle taking shape, SP could go as low as 16/15c, before continuation, if assays are as good as the ones prior, then i have a 1.618 fib target of 38c which would complete the 5 wave series.
DYOR, DYOR, DYOR
