the lithium ETF vs Palladium/platinum ETF. down is bearish for lithium things and bullish for palladium things.
the charts are saying something about #lithium and the #battery cars that you won't see on the twitter.
When it comes to batteries, automobiles have stolen the lion’s share of our attention. From there, people may naturally think about our smaller devices that also use batteries. The idea of large ships or planes being powered by batteries—many of us would have a natural intuition that there could be obstacles to widescale usage. Maritime shipping: lots of...
Large runup in this large ETF? FED still tightening, narrative of an ESG been priced in? Hard to see further upside. Possible H&S pattern, a fair way from average 200WMA, and looking bearish on the daily. Taking profits on Lithium plays. Leaving initial stake.
Basing for 5 months. Confirmed breakout, pullback and reversing back up. You don't need to know what's going to happen next to make money ~Mark Douglas Lose like a pro and keep trading, or lose like a novice and quit ~Mark Ritchie
LITHIUM is FLYING! Check our idea/post from June 17th of last year as well as November 2020 It was obvious fundamentally that this was going to happen, for one too many reasons you can read about in those 2 previous posts. If something has changed is only positive, with Lithium Americas, Albemarle, and JinkoSolar Stocks went off like rockets on Monday,...
Been bouncing off uptrend on the weekly, and last 3 weeks have been strong for LIT. Will need a month at these levels to tighten up before breaking to new highs. Lithium stocks have been moving well, VUL, PLS to name a couple. I would look to start adding to a medium term position in one of these 2 companies based off lithium movement.
I like this setup right here. Breakthroughs in lithium batteries happening as we speak.
Upward going trend channel for Lithium ETF. As the reopenings worldwide are due to happen, electric cars are getting more popular and every world leader wanna "save" the palnet from climate changes, this one is rightful for a upward trend. Possible resisstance levels to test.
The Global X Lithium & Battery Tech ETF (#LIT $LIT) is offering seemingly a good/risk reward entry.
Price action is looking semi decent. Id prefer some tight green days next week to signal sellers dying off, but also a push above 65 and pull back to 63.50 will work just aswell.
After a rounding candle like move over the last 6 days with a green candle yesterday, i feel a close above the $61 mark may be on the table today or tomorrow. Lithium stocks are starting to move, alongside tesla again (i feel like they are correlated in current market 😅). So a good move by the lithium ETF will signify a change in price action and it can start...
If price breaks out this rectangle it's interesting to open a long position
... for .17/contract. Notes: In for 1.20, out for .17/contract here; 1.03 ($103) profit per contract.
Lithium battery sector run coming again
... for a 1.16/contract credit. Notes: 30-day at 58.6% and expiry-specific at 57.2%. Unfortunately, not the most liquid thing in the world, so expect to do some price discovery or be patient for a fill.
I analyse this when looking at lithium stocks aswell.. gives you an idea of how the general lithium market is moving. As can be seen, lithium is deep in the red recently and we want to see the price stay above the trendline. Any positions in vul, mns, lke or other lithium stocks need to be accompanied with knowledge of this chart as it will tell you the overall...
... for a 1.20/contract credit. Notes: Ranked second in my exchange-traded fund watchlist for 30-day implied at 57.1% (MJ's in first place at 73.1%), selling premium in the April monthly (45 Days 'Til Expiry). 2.27% ROC at max as a function of notional risk; 18.4% annualized.