Stable growth for Global X Lithium (LIT)Fundamental Analysis.
1. Industry: Lithium ++
2. Price: Stable growth
3. Upward potential: 20-100%
4. Risk-Reward Ratio: 1:8
5. 5Y EPS Growth:
Technical Analysis.
1. Volume is growing
2. Support of the MA30
5. Short-term target: 80
6. Long term target: 100-150
LIT trade ideas
The beginning of a pullback? I've been watching this ETF for a while, always trying to buy at the exact point but couldn't just because I was afraid that it would go down just before I buy. Since November is been acting with divergence with its RSI so I waited, and now I think the pullback just begun so I'll keep waiting but more active. I like to buy when the price tests its MAs, especially the 20 day MA. This time I think it could test the 50 day MA but anything can happen so the best thing is always wait and be patient, but I'll put a signal on $48 to wait actively.
Lithium looks very strong So, share of "lithium" in top technologies is rising
Argments:
-Strong eco and anitcarbon trends (look energy XLE)
-EV part rising, EV gorvernment programs
-battaries is main part of EV and lithium is mainstream of battaries. Even with hydrogen technologies, lithium is bottleneck in EV tech
LIT BUY SIGNAL / ABOUT TO EXPLODEThis is my trading idea on Lithium and battery / I have backed this up with fundamentals (supply and demand) and believe that Lithium prices will rise as demand for Lithium rises (think about Tesla Gigafactories alone). I believe greatly in this ETF and have studied it precisely. One of my favourite trades right now.
LithiumCurrently car makers are scrambling to create trendy new EV vehicles. From what I gather several big name auto makers have had to stop productions on EV vehicles due to the high demand for Lithium. Until Hydrogen CELL Fuel companies are able to provide the service outside to more charging stations outside of California, I don't foresee this tech competing with lithium powered vehicles. Due to this I would be long Lithium for the foreseeable future.
AMEX:LIT
$LIT Lithium and Battery tech ETF
This ETF focuses on the EV industry and is quite diversified with holdings in MIners like Albemarle to the much loved Tesla.
Recent moves in Tesla has helped to turn the ETF around after a 45% decline.
Please see below the list of companies that is held within this ETF.
Nemaska Lithium Inc.
Akasol AG ORD
SYNergy ScienTech Corp ORD
ioneer Ltd ORD
Lithium Americas Corp.
Honbridge Holdings Ltd ORD
Vitzrocell Co Ltd ORD
W-Scope Corp ORD
Galaxy Resources Ltd ORD
L&F Co Ltd ORD
Dynapack International Technology Corp ORD
Pilbara Minerals Ltd. PILBF
Orocobre Ltd. OROCF
Varta AG VARGF
BYD Co. Ltd. BYDDF
LG Chem Ltd. LGCLF
EnerSys ENS
GS Yuasa Corp. GYUAF
Simplo Technology Co Ltd ORD
Panasonic Corp. PCRFF
Samsung SDI Co Ltd ORD
Livent Corp. LTHM
Tesla Inc. TSLA 9.97 84.37
Sociedad Quimica y Minera De Chile S.A. ADR
Albemarle Corp.
Lithium LITHello,
Lithium global etf continues to be in a larger bull trend since late 2015 bottom at 14$
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