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.
2 thoughts on “Blog Post: Day 31 of $QQQ short term down-trend; Recent IPO $SGML already a 4 bagger, staying strong”
Their financials are so bad tho.
SGML is projected to turn profitable and earn 4.27 per share in 2023. Lithium will be in great demand.