July 16, 2022
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Global X Lithium & Battery Tech Etf LIT Trading Report

By on October 5, 2021 0


Source: Daily Stock Exchange Traders

Longer term trading plans for LIT
  • Buy LIT on 75.63 target 83.33 stop loss @ 75.41 Details
  • Technical summary data tells us to buy LIT near 75.63 with bullish target of 83.33. This data also tells us to set a stop loss @ 75.41 to protect against an excessive loss in case the stock starts to move against the trade. 75.63 is the first level of support below 78.69, and by rule, any test of support is a buy signal. In this case, 75.63 support would be tested, so a buy signal would exist.

  • Short LIT below 83.33, target 75.63, stop loss @ 83.57 Details
  • Technical summary data suggests a short of LIT as it approaches 83.33 with a bearish target of 75.63. We should however have a stop loss in place at 83.57. 83.33 is the first resistance level above 78.69, and by rule, any resistance test is a short signal. In this case, if resistor 83.33 is tested, a short signal would exist.

Swing Trading Plans for LIT
  • Buy LIT at 79.11, Target 82.35, Stop Loss @ 78.88 Details
  • If 79.11 starts to break higher, technical summary data tells us to buy LIT just above 79.11, with a bullish target of 82.35. The data also tells us to set a stop loss @ 78.88 in case the stock turns against the trade. 79.11 is the first resistance level above 78.69, and by rule, any breakout above resistance is a buy signal. In this case 79.11 initial resistance would be breaking higher so a buy signal would exist. Because this plan is based on a resistance break, it is called a long resistance plan.

  • Short LIT near 79.11, target 75.63, Stop Loss @ 79.34. Details
  • Technical summary data suggests a short LIT if he tests 79.11 with a downside target of 75.63. We should have a stop loss in place at 79.34 in case the stock starts moving against the trade. Typically, any stress test is a short signal. In this case, if the resistance, 79.11, is tested, a short signal would exist. Because this plan is a short plan based on a stress test, it is called a short resistance plan.

Day Trading Packages for LIT
  • Buy LIT at 79.11, target 81.02, Stop Loss @ 78.93 Details
  • If 79.11 starts to break higher, technical summary data tells us to buy LIT just above 79.11, with a bullish target of 81.02. The data also tells us to set a stop loss @ 78.93 in case the stock turns against the trade. 79.11 is the first resistance level above 78.69, and by rule, any breakout above resistance is a buy signal. In this case 79.11 initial resistance would be breaking higher so a buy signal would exist. Because this plan is based on a resistance break, it is called a long resistance plan.

  • Short LIT near 79.11, target 78.60, Stop Loss @ 79.29. Details
  • Technical summary data suggests a short LIT if it tests 79.11 with a drop target of 78.60. We should have a stop loss in place at 79.29 in case the stock starts moving against the trade. Typically, any stress test is a short signal. In this case, if the resistance, 79.11, is tested, a short signal would exist. Because this plan is a short plan based on a stress test, it is called a short resistance plan.

LIT Technical Summary | Raw data for trading plans

Term → Near Environment Long
Bias Strong Weak Strong
P1 0 0 75.63
P2 78.60 79.11 83.33
P3 81.02 82.35 91.71


LIT Swing Trading Analysis for October 4, 2021


LIT Day Trading Analysis for October 4, 2021

Trade or invest in Global X Lithium & Battery Tech Etf (NYSE: LIT) involves observation of techniques, every time. These data reveal current techniques.

Warning:

This is a static report, the data below was valid at the time of publication, but the support and resistance levels for LIT change over time, so the report should be updated regularly. Real-time updates are provided to subscribers. Unlimited real-time reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and stock market crash protection using Evitar Corte.

Instructions:

The rules that govern the data in this report are the rules of technical analysis. For example, if LIT is testing support, buy signals surface and resistance is the target. Conversely, if resistance is tested, it is a sign of controlling risk or selling, and support would be the target on the downside accordingly. In each case, the trigger point is designed to be both a great place to take a position (avoid trading in the middle of a trading channel) and it also acts as a level of risk control.

Swing Trades, Day Trades and Longer Term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading and long term investment plans for LIT as well. All these elements are proposed under the summary table.

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Fundamental graphics for LIT


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