Resource stocks are doing pretty well lately. After a consolidation period around summer time, small cap resource stocks continued rising higher in recent weeks and months. In this article we look at 3 small cap resource stocks which have an amazing chart setup.
First of all, Lithium Americas, a $350M small cap resource stock, provides lithium for the new generation rechargable batteries. The stock rose sharply in the first months of last year, consolidated for 8 months, and is now breaking out again. Today’s rise of more than 6 percent, right at resistance, is telling.
eCobalt Solutions, a very small cap resource stock with a market cap of less than $100M, provides battery grade cobalt salts which are used for rechargable batteries. The company’s stock price started rising last March, and became a ten-bagger two weeks ago. In the meanwhile, it went through a consolidation period around summer time. Right now, volume is on the rise again, and the stock looks very enticing provided that the steel sector keeps on rising.
Last but not least, Fission Uranium is a small cap uranium stock with a market cap around $400M. We discussed this small cap stock several times lately, and the chart setup looks even better with the day. The stock is now at an amazingly important point: a test of its bear market trend. A break above it would, visibly, be huge news, and introduce a new bull market!