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THESE SET UPS ARE NOT LIMITED TO THIS WEEK, SOME MAY TAKE LONGER TO COME AROUND.
UAL
Entry: Members only
Stop loss: Members only
Price target: Members only
Analysis done on daily candles. Airline stocks have really been rocked since the start of the pandemic, but as as travel restrictions lift and as business trips come back, we’ll see a shift of capital back into the travel sector. Unfortunately, even before the pandemic, airlines’ profit has never been substantial enough to yield a return rate like a large technology company would, but that doesn’t change the fact that many names in the travel/leisure industry are trading at attractive lows for those who are willing to buy and be patient. Long term, the recovery is bound to happen and these names will gain back their mark share. Short term, we’ll see choppiness based on new updates around travel and Covid 19. Looking at UAL’s chart in specific, we saw them move back above the 100 day MA on Friday, a closing point thats hasn’t been achieved since mid June of 2021. This means that for the first time in nearly four months, UAL is trading above its 100 day average price. Going into this week, our main focus is for the stock to maintain that 100 day MA, which is right around the $50.00 mark. If UAL can do so then we can se its move its way towards (MEMBERS ONLY) next.
LAC
Entry: Members only
Stop loss: Members only
Price target: Members only
Analysis done on two hour candles. As the world changes and adopts new technology like electric vehicles, we’re seeing opportunities arise in other areas like lithium. It’s easy to point out the obvious and say that companies like Tesla, GM, and Ford make investments from those wanting to capitalize on the EV adoption, but niche investors know that when a new technology comes into the world, so does opportunity in material driving that technology, the basic material referred to in this case would be lithium. Production of lithium has gone from 28,100 two 82,000 metric tons between 2010 and 2020, increasing triple-fold, and we haven’t even gone through the full transition into electric vehicles. For those wondering, lithium is one of the primary materials used in electric vehicle batteries and plug in hybrids, making it very attractive for the savvy investor. LAC, or Lithium Americas Corporation is one of the top players in the industry, but there are other names worth watching if you’re interested in investing in this industry. While our focus is short term fro this specific trade, it is highly encouraged that you take lithium as a serious investment for the future as we shift into EV. Chart wise, LAC is displaying a large bullish cup and handle pattern that’s set to breakout towards a price target of (MEMBERS ONLY) next.
GSM
Entry: Members only
Stop loss: Members only
Price target: Members only
Analysis done on 30 minute candles. The demand for basic materials is surging across the world as hardware and construction development continues to increase. Ferroglobe PLC (GSM) is a basic materials that specializes in the production of silicon metals and multiple other materials that are vastly used in computer chips, bricks, solar cells…etc. With demand for computers chips and construction on the rise, GSM and companies in its sector are reaping the benefits. Their Q2 earnings placed them at an EPS of .02, compared to a year prior at a -.07, taking them from losing to a profitable earnings per share. Their revenue also surged by 67% from the year prior, making them attractive for the high risk trader. Looking at their chart, the stock is seeing more activity than average following their impressive earnings. We saw a large gap up on the earnings date then consolidation over the last month or so. GSM’s daily candle. closed above the 10 and 20 day MA lines on Friday with strong volume, which makes them a contender for a bullish push from here, all they need to do is maintain those 10/20 day MA lines as support.