Granville

A Long Look at Lithium: Chile's SQM Poised for Growth

On the weekly chart of SQM, MACD and RSI are rolling over. Price has been flat since mid-May, is still short of the May '08 highs and momentum is weakening. All this against a backdrop of unanimous sentiment against the dollar. Break out of this narrow range and hold 40, and you have a new game. Until then, it is better to watch this and keep your powder dry. A rebound in the dollar, and this could revisit 30. 30 or so, down about 20% from here, would not violate the uptrend, and would be a much better entry point.
None of this is to say that this wasn't a well-researched, well-presented article.