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Global X Lithium & Battery Tech ETFGlobal X Lithium & Battery Tech ETFGlobal X Lithium & Battery Tech ETF

Global X Lithium & Battery Tech ETF

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LIT trade ideas

$LIT Lithium and Battery tech ETF This ETF focuses on the EV industry and is quite diversified with holdings in MIners like Albemarle to the much loved Tesla. Recent moves in Tesla has helped to turn the ETF around after a 45% decline. Please see below the list of companies that is held within this ETF. Nemaska Lithium Inc. Akasol AG ORD SYNergy ScienTech Corp ORD ioneer Ltd ORD Lithium Americas Corp. Honbridge Holdings Ltd ORD Vitzrocell Co Ltd ORD W-Scope Corp ORD Galaxy Resources Ltd ORD L&F Co Ltd ORD Dynapack International Technology Corp ORD Pilbara Minerals Ltd. PILBF Orocobre Ltd. OROCF Varta AG VARGF BYD Co. Ltd. BYDDF LG Chem Ltd. LGCLF EnerSys ENS GS Yuasa Corp. GYUAF Simplo Technology Co Ltd ORD Panasonic Corp. PCRFF Samsung SDI Co Ltd ORD Livent Corp. LTHM Tesla Inc. TSLA 9.97 84.37 Sociedad Quimica y Minera De Chile S.A. ADR Albemarle Corp.
AMEX:LIT
by Bullishcharts
Lithium LITHello, Lithium global etf continues to be in a larger bull trend since late 2015 bottom at 14$ we broke out of a long downtrend in october 2019 and continue to stay in the bigger channel upwards Right now we are overbought and will re-trace before another leg up. the 50Daily MA is firmly above the 100Daily and the 200Daily average. based on the cycles of around 450bars each we are only 25% into this upcycle, the last 3 cycles were around 1.5years I'm expecting a retrace to the daily averages where now we have a strong zone of support between $25-$26. after we should see moves towards the target zones 50fib 61.8
AMEX:LITLong
by djmitchb
7
Lithium ETF clean EW and supportThis ETF has completed a nice 5W down, very precise 5=1, The W3 is a bit short, although there's reasonable subwave in there. Add to that the support from 2013-2015 and more recently in late 2016, which is where we are now, and if W2 is .618 and W4 is 1.0 we have a fairly neat 1.618 to finally reverse at here. Climbing back to 29 allows me to place a wide stop of 21 under 2013 and 2015 lows and still get a 2.5:1 trade, shown by the green and red lines. The volume bars look quite encouraging close up, as well, it tails off into the decline. The way to trade something like this is to think either the Oct 16 support of 23.35 will hold or it won't. If it doesn't, then we are straight down to 21.75, ie it's unlikely to bottom in between these prices. So you can either enter here and add at 21.75, not higher (but with the same 21 stop), or even wait for 21.75. Conversely if this is the bottom, we'll know when it breaks 26, allowing you to add (and move the stop up to 23). One sore point is that the ETF keeping missing on earnings, presumably from its major component NYSE:ALB. Hopefully, this will get better, but the trade should be managed carefully through the next (Q3) earnings date, which for ALB is Nov 6th.
AMEX:LITLong
by adatherton
1