Nemaska Lithium
TECHNICALS - We have a clear cypher pattern on the long-term chart. And the $0.65-0.70 zone is a strong resistance. This is a strong sign for a trend reversal.
FUNDAMENTALS - Nemaska Lithium is a Canadian company sitting on one of the biggest lithium deposits in the world. The First production is expected to be sold in 2019, the last annual report did not reveal any delays in construction of the plant. The company has multiple buyers on contract for future production. There is significant growth potential thanks to cell-phones, electric vehicles and the overall battery market which is expanding very fast and will continue to do so. In addition, the company is backed by SoftBank and the Quebec government.
These factors put together make me pick this stock for strong growth on a 6 month-1 year horizon.
I encourage you guys to dig deeper on fundamentals as I am not giving to much details here.
TECHNICALS - We have a clear cypher pattern on the long-term chart. And the $0.65-0.70 zone is a strong resistance. This is a strong sign for a trend reversal.
FUNDAMENTALS - Nemaska Lithium is a Canadian company sitting on one of the biggest lithium deposits in the world. The First production is expected to be sold in 2019, the last annual report did not reveal any delays in construction of the plant. The company has multiple buyers on contract for future production. There is significant growth potential thanks to cell-phones, electric vehicles and the overall battery market which is expanding very fast and will continue to do so. In addition, the company is backed by SoftBank and the Quebec government.
These factors put together make me pick this stock for strong growth on a 6 month-1 year horizon.
I encourage you guys to dig deeper on fundamentals as I am not giving to much details here.