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.
LIT- Lithium is Power ✔️Check our previous idea here from June - i think we bought at a perfect time.
Lithium= electric car batteries...but how long can it rise? This is very hard to say
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
Lithium become interestingSo, battaries seems more interesting than solar tech
So, both industries seems interesting, but bat tech give us much more profit right now
LIT ETF - we called it up, now let's catch it down!We very nicely called it up on our JUNE 18 idea now it is time to click on the SELL button.
Lithium ETFFirst objective is the diagonal resistance, then previous historical highs. Volume indicates long term uptrend.
$LIT why is Aussie LIT so shit? US ETF is killink it.With EU policy/TSLA what is not to like about battery related stocks, unless they're Aussie LIT? Hello GXY AJM ORE PLS.
$LIT flying. lithium ETF. $AJM not so much.. yet.Aussie lithium stocks are acting like laggards in comparison. $ORE leader. Others got some upside $VUL $PLS $AJM $GXY ???
$LIT anyone got a better canary than the US LIT ETF? Aussie producer dogs like $GXY $ORE $PLS still seem super oversold in comparison to the US ETF. What am I missing, Sentiment?
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.
Lithium still a good bet in 2020?Lithium ETF LIT, much like the rest of the market has been hit significantly due to the coronavirus. BUT relative to the S&P 500,it appears to be holding up just fine.
A Strong Dollar is hurting a variety of industriesLithium Exporters are being hurt due to the strength coming from the US Dollar..
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
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.
Global X Lithium Battery and Tech ETFGlobal X Lithium Battery and Tech ETF: We provide an update on the ETF which was recommended on 22 October. The price has started to appreciate, having broken out of the bear channel that was in place since January 2018. As per the weekly chart below, the share’s Relative Strength Index is making a 24 month high providing support to the technical bull thesis. Is it too late to purchase this Offshore ETF? No.
