When the Price of Global X Lithium & Battery Tech Etf LIT Talks, People Listen

Source: Stock Traders Daily

Longer Term Trading Plans for LIT

  • Buy LIT over 80.65 target 89.28 stop loss @ 80.42 Details
  • The technical summary data tells us to buy LIT near 80.65 with an upside target of 89.28. This data also tells us to set a stop loss @ 80.42 to protect against excessive loss in case the stock begins to move against the trade. 80.65 is the first level of support below 82.45 , and by rule, any test of support is a buy signal. In this case, support 80.65 is being tested, a buy signal would exist.

  • Short LIT under 89.28, target 80.65, stop loss @ 89.54 Details
  • The technical summary data is suggesting a short of LIT as it gets near 89.28 with a downside target of 80.65. We should have a stop loss in place at 89.54though. 89.28 is the first level of resistance above 82.45, and by rule, any test of resistance is a short signal. In this case, if resistance 89.28 is being tested, a short signal would exist.

Swing Trading Plans for LIT

  • Buy LIT over 83.86, target 86.51, Stop Loss @ 83.62 Details
  • If 83.86 begins to break higher, the technical summary data tells us to buy LIT just over 83.86, with an upside target of 86.51. The data also tells us to set a stop loss @ 83.62 in case the stock turns against the trade. 83.86 is the first level of resistance above 82.45, and by rule, any break above resistance is a buy signal. In this case, 83.86, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short LIT near 83.86, target 80.65, Stop Loss @ 84.1. Details
  • The technical summary data is suggesting a short of LIT if it tests 83.86 with a downside target of 80.65. We should have a stop loss in place at 84.1 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 83.86, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for LIT

  • Buy LIT over 82.52, target 83.97, Stop Loss @ 82.33 Details
  • If 82.52 begins to break higher, the technical summary data tells us to buy LIT just over 82.52, with an upside target of 83.97. The data also tells us to set a stop loss @ 82.33 in case the stock turns against the trade. 82.52 is the first level of resistance above 82.45, and by rule, any break above resistance is a buy signal. In this case, 82.52, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short LIT near 82.52, target 80.65, Stop Loss @ 82.71. Details
  • The technical summary data is suggesting a short of LIT if it tests 82.52 with a downside target of 80.65. We should have a stop loss in place at 82.71 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 82.52, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

LIT Technical Summary | Raw Data for the Trading Plans







Term → Near Mid
Long
Bias Weak Neutral Strong
P1 0 0 72.74
P2 82.52 83.86 80.65
P3 83.97 86.51 89.28


LIT Swing Trading Analysis for September 5 2021


LIT Day Trading Analysis for September 5 2021

This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Global X Lithium & Battery Tech Etf (NYSE: LIT) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for LIT can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports

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Fundamental Charts for LIT

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