First , read this article here
Next, you read this here
So, simply put, cobalt and nickel are two important components that are needed for the manufacture of EV batteries. We have already witnessed the parabolic moves of Tesla and Nio EV players.
Of course, there are other junior miners that one can consider but Tesla would want to partner with a big player with reliable supplies so that their supply chain would not be affected. So, do you want to go for the pie or the crumbs of the business ? My analysis are often top down with simple logic before dwelling further into other aspects.
Chart wise, there are 2 support zones to buy.
1. Buy a smaller position here. It is still riding on the bullish trend line since the March low and breaking of 2.40 would ensure it continues to charge higher .
2. Buy slighter bigger position than 1. This is in the event that the correction at 1 is not over and it continues to fall further. But, if you only want to wait for 2 to buy and if the Market does not offer you that, then you would miss this trade opportunity.
Next, you read this here
So, simply put, cobalt and nickel are two important components that are needed for the manufacture of EV batteries. We have already witnessed the parabolic moves of Tesla and Nio EV players.
Of course, there are other junior miners that one can consider but Tesla would want to partner with a big player with reliable supplies so that their supply chain would not be affected. So, do you want to go for the pie or the crumbs of the business ? My analysis are often top down with simple logic before dwelling further into other aspects.
Chart wise, there are 2 support zones to buy.
1. Buy a smaller position here. It is still riding on the bullish trend line since the March low and breaking of 2.40 would ensure it continues to charge higher .
2. Buy slighter bigger position than 1. This is in the event that the correction at 1 is not over and it continues to fall further. But, if you only want to wait for 2 to buy and if the Market does not offer you that, then you would miss this trade opportunity.
Заметка
watch out now , it has risen nicely and is now coming to the bearish trend line, it might retreat to 2.538 , find some support before charging higher.Заметка
Praise the Lord !!!Заметка
Can take some partial profits and wait at 3.00 to add more if you desire
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Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.