NILI.V Possible Trend Reversal & Entry - First Analysis

2024年12月15日

NILI.V (Surge Battery Metals)

Candlesticks:
This past week NILI.V closed Thursday with a dragonfly doji candle, followed by a bullish engulfing on friday. The last time a dragonfly doji appeared was on September 9th, which marked a trend reversal that resulted in a 90% in price over 45 days.

Technical Indicators:
MACD on the daily is about to crossover indicating a possible shift in momentum from bearish to bullish.

Possible Entry:
looking for a confirmation on the trend reversal on Monday with a candle closing above the downward channel that Nili has been trading in over the past couple weeks. If that happens I will take a long position and be looking for profit taking opportunities at .40, .45, and .50 cent price ranges.

I am new to trading and this is my first analysis. Let me know what you think and if I got anything wrong here, any feedback is appreciated!

2024年12月15日

註釋

Forgot to mention that NILI has two analyst 1-year price targets of $1.50 and $3.90 for an average price target of $2.70.

2024年12月15日

註釋

Weekly chart also shows price bouncing of the 200 SMA. Last candle close on the weekly was also a hammer candle, which also indicates a trend reversal.

2024年12月20日

交易進行

Entered trade @ $.375

Price targets are $.60 and $.77