Long Position on SGML @ $25.00 on 9/28/2022 (Fundamentals)

Sigma Lithium Corporation (SGML) is a Canadian company that engages in the exploration and development of lithium deposits in Brazil. The stock was featured earlier this month with success. 

It holds 100% interest in the Grota do Cirilo, Genipapo, Santa Clara, and São José properties comprising 27 mineral rights covering an area of approximately 191 square kilometers located in the Araçuaí and Itinga regions of the state of Minas Gerais, Brazil. 

Shares are heading higher in an upward trading channel. Last week's sell off in the market pushed shares closer to the lower boundary of the channel. We expect shares to rebound from that level. Please use a limit order and be patient.

Entry Point: $25.00

Stop Loss: $23.50

Trading Range: $7.31 to $29.50

Target Price: $27.50

Position closed on 10/3/2022 at price of $28.00 with a 12.00% gain in 5 days.

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