Major technical breakout in ENRT is coming
Published: Thu, 09/01/16
 Hello fellow investors / traders, As momentum traders we often focus on sectors that are running hot. When a sector is on fire, there are many companies that tend to run in unison. Lithium is one such sector that is super hot right now, and Enertopia Corp (ENRT) is an emerging lithium play with a super bullish up-trending chart with lots of momentum. The chart below speaks for itself. ENRT broke out recently, and now is forming a bull flag formation - ready to break out again with strong support at the previous breakout level.  Recently ENRT announced major news that it has created a new lithium business division and entered closed a definitive agreement for the acquisition of the lithium brine exploration claims... In case you are wondering why lithium is all the rage on Wall Street right now, it is because there is a major shortage of available lithium. And consider this... Lithium is powering pretty much everything upon which our present depends on and our future is being built. It’s a viable alternative to petrol and in consumer electronics market segment alone, there is no sign of contraction—only expansion. Think the Internet of things, or smart houses, or smart cities, eventually. All these fascinating ideas are powered in some way by lithium. Lithium is a key component in the production of batteries used in cell phones and electric vehicles. As sales of electric vehicles, which topped 500,000 worldwide last year, increase, so is demand for lithium. The simple fact of the matter is lithium is in a major boom phase. In the U.S., the Wall Street Journal just did a piece showing that the mainstream popularity of electric cars will likely see electric vehicles gain more than 35% market share by 2035. In the article, they also mention that Goldman Sachs have said lithium demand could triple by 2025 to a staggering 570,000 tons, driven by smartphone and electric vehicles.. As Elon Musk (Tesla’s Founder) recently said, “We basically need to absorb the world’s entire Lithium-ion production”. That’s driving a staggering boom. And as Nevada Energy Metals executive Malcolm Bell states, “It may be time to start worrying about a shortage, but it’s not a question of whether we have enough lithium—it’s a question of tapping into new reserves. Those who don’t see the supply wall looming, will hit with a resounding thud. Those who start tapping into new reserves will be extremely well-positioned for the future.” ENRT is striving to become a player in the lithium game and could be part of the solution in tapping into new lithium reserves. Make sure you keep ENRT on your screen today and over the next few days, and look for opportunities to capitalize on this potential technical breakout to 52 week highs. Disclaimer Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. SmallCapMomo.com employees are not registered as an Investment Adviser in any jurisdiction whatsoever. The disclaimer is to be read and fully understood before using our site, or joining our email list. None of the materials or advertisements herein constitute offers or solicitations to purchase or sell securities of the companies profiled herein and any decision to invest in any such company or other financial decisions should not be made based upon the information provide herein. Instead SmallCapMomo.com strongly urges you conduct a complete and independent investigation of the respective companies and consideration of all pertinent risks. SmallCapMomo.com does not offer such advice or analysis, and SmallCapMomo.com further urges you to consult your own independent tax, business, financial and investment advisors. Investing in micro-cap and growth securities is highly speculative and carries and extremely high degree of risk. It is possible that an investor's investment may be lost or impaired due to the speculative nature of the companies profiled. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact may be "forward looking statements". Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as "projects", "foresee", "expects", "will", "anticipates", "estimates", "believes", "understands", or that by statements indicating certain actions "may", "could", or "might" occur. Understand there is no guarantee past performance will be indicative of future results. In preparing this publication, SmallCapMomo.com has relied upon information supplied by its customers, and press releases which it believes to be reliable; however, such reliability cannot be guaranteed. Investors should not rely on the information contained in this website. Rather, investors should use the information contained in this website as a starting point for doing additional independent research on the featured companies. The advertisements in this website are believed to be reliable, however, SmallCapMomo.com and its owners, affiliates, subsidiaries, officers, directors, representatives and agents have not completed any due diligence or research on the companies advertised herein and disclaim any liability as to the completeness or accuracy of the information contained in any advertisement and for any omissions of materials facts from such advertisement. SmallCapMomo.com is not responsible for any claims made by the companies advertised herein. SmallCapMomo.com may receive compensation and its employees and affiliates may own stock that they have purchased in the open market either prior, during, or after the release of the companies profile which is an inherent conflict of interest in SmallCapMomo.com statements and opinions and such statements and opinions cannot be considered independent. SmallCapMomo.com reserves the right to buy and sell shares of the profiled company on the open market before, during or after the release of the company profile. In such an event, SmallCapMomo.com will not update its disclaimer to reflect any shares bought or sold on the open market during the profile coverage. SmallCapMomo.com and its management may benefit from any increase in the share price of the profiled companies and hold the right to sell the shares bought at any given time including shortly after the release of the companies profile. SmallCapMomo.com has not been compensated for the profile of ENRT. SmallCapMomo.com may on occasion accept compensation in restricted or free-trading shares for it's marketing services of the company being profiled, and the third party that might have compensated SmallCapMomo.com may hold free-trading shares of the company being profiled and could very well be selling shares of the companies stock at the same time the profile is being disseminated to potential investors; this should be viewed as a definite conflict of interest and as such, the reader should take this into consideration. If SmallCapMomo.com ever accepts compensation in the form of restricted or free trading shares of the company being profiled and decides to sell these shares into the public market at any time before, during, or after the release of the companies profile our disclaimer will be updated accordingly reflecting the current position of those free trading shares received as compensation for our services. |