Blog Post: Day 31 of $QQQ short term down-trend; Recent IPO $SGML already a 4 bagger, staying strong

Indicators

  • GMI: 1/6
  • GMI-2: 1/8
  • T2108: 21%

SGML, a lithium producer, keeps coming up on my scans. This week it came up on my weekly green bar scan. Note the green price bar on this chart indicating a bounce up off of its 4 week average. It also has relative strength at a new high. As long as it holds its 10 week average (blue dotted line), the up-trend is intact. It is expected to earn 4.57 in 2023, after it becomes profitable. EVs are going to need a lot of lithium.

The post Blog Post: Day 31 of $QQQ short term down-trend; Recent IPO $SGML already a 4 bagger, staying strong first appeared on Wishing Wealth Blog.