SQM is a name I have referenced before as a potential major bottoming play.
Note the inverse head and shoulders with a $33 neckline upside trigger.
You are talking about a materials play, in the age, with lithium exposure to boot, in South America (Chile). All three of these factors point to sectors and industries which have seen inflows of late.
The stock had a strong afternoon yesterday, which is spilling over into this morning’s session.
Keep this one on your radar long.
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