SQM is in supply zone

Worth picking this stock because of its long-term potential as well as shorter-term price action. Fundamentals are strong - the stock is almost 3 times less future cashflow . I am reacting to oversold RSI , couple of pinbars on W chart and 200MA resistance on M.

Also just now Ford and VW announced the alliance to build electric self-driven cars. This is huge. Provided they are powered by lithium-based batteries SQM is a safe bet.
www.autoblog.com/2019/07/13/vw-f...

Trade size as always scaled to have a risk exposure not more than 0,3%.
Exit strategy - collecting 50% of profits at 36. Further as advised by PA potentially converting to long-term hold.

Ordre annulé:

Never followed through on this one. Still waiting.