TG_Advisory

Largo Resources

Panjang
TSX:LGO   LARGO INC
Largo resources one of the lowest cost vanadium producers with main project in Brazil. Company explores for vanadium, iron, tungsten, and molybdenum. Earnings have been exploding due to appreciation in vanadium prices last year. I belive prices of Vanadium the 23 element in the atomic table will go north in the next few years which will be triggered by shortage in supply and increased demand. Chinese new rebar standard, Tesla gigafactory in China and Nevada. VRF adoption for renewable energy. Technical point of view RSI oversold, MACD momentum change, Volume increased. 0,70% fib retracement giving very good RRR with at least 2:1. Good Luck
Penafian

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