$LIT ( Good Entry ? ) Accumulation CylinderIdea shown above. Looks good to possibly go long. Above key support holding above the 1 year moving average
Key stats
About Global X Lithium & Battery Tech ETF
Expense ratio
0.75%
Home page
Inception date
Jul 22, 2010
LIT tracks a market-cap-weighted index of 20-40 companies involved in the global mining and exploration of lithium, or in lithium battery production. While the plain-vanilla fund gives broad exposure to the lithium industry, it manages to offer targeted, concentrated exposure with a micro-cap tilt. LIT is an excellent fit for investors looking for niche lithium exposure as an ETF. The index is reconstituted and rebalanced on an annual basis.
Classification
What's in the fund
Exposure type
Producer Manufacturing
Process Industries
Non-Energy Minerals
Consumer Durables
Stock breakdown by region
LIT - +23% upside with high rik:reward ratioBeaten down.
Showing momentum shift and trendline break
RR 1:2.5
Reversion to mean.
Spring in formation, capitulate quickly and then reverseBeen on a downtrend for almost 3 yrs.
Just broke the support trend line which will shake out and cause max pain to remaining retailers.
RSI heading towards oversold on Weekly.
Should reverse in a month or so. We are looking for lots of volume at the bottom and quick rally back up.
Watch for positi
watching for the breakbreak out imminent , all aboard choooooo chooooooo lithium is back baaaaaabaaaaaayyy
LIT ETF updateStill in the Red for this ETF, a little disappointing since Electric vehicles will need lots of lithium. I will want to buy more at later stage when I see an uptick of sales of EV globally.The adoption rate is not as high as many expected with infrastructure, conversion, batteries, etc issues still
LIT Long Term OutlookBulls appear to be holding on and pushing through the TREND LINE OF PAIN. Price has been holding up steady to the famous 50 yard line. Some of you might be using shorter EMA's and that's okay. Long term outlook suggests we may come across the 200 EMA line sooner than later.
This trend line has been
Looking for double bottom, then breakout of long term resistanceAnother drop back to 0.236 support. RSI oversold at this stage on Weekly.
Double bottom expected then side ways movement to long term resistance trend line, consolidate around breakout zone then breakout of a long term bear market for Lithium.
I would start building lithium positions when it hits
3 Month Obseravation OverviewStill looking for a hit at the buying zone for long position, no worries, playing the range till buttom on weekly chart
$LIT #Global X #Lithium & #Battery Tech ETF
#Albemarle Corp.
#Sociedad Quimica Y Minera de #Chile
#Lithium Americas Corp
#Global X #Lithium & #Battery Tech ETF
In the midst of takeoff... the electric sector is gracefully spreading its wings. 🚀 #ElectricRevolution #SustainableFuture
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Displays a symbol's price movements over previous years to identify recurring trends.