A yearlong consolidation (similar to precious metals complex) provides compelling support to this chart.
It is also not a "precious" metal which is under heavy manipulation.
The last few days, it is down with the entire market, so this dip may not be reflective to the cobalt industry or company's health.
This would be a long term play (over a year or more) based on the electrification of the world, and increased demand / shortages of Cobalt.
Starting a small position here with a 10% stop, based on the backtest being successful.
It is also not a "precious" metal which is under heavy manipulation.
The last few days, it is down with the entire market, so this dip may not be reflective to the cobalt industry or company's health.
This would be a long term play (over a year or more) based on the electrification of the world, and increased demand / shortages of Cobalt.
Starting a small position here with a 10% stop, based on the backtest being successful.