watching for the breakbreak out imminent , all aboard choooooo chooooooo lithium is back baaaaaabaaaaaayyyLongby TraderBrisUpdated 0
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 hanging. I am looking at end 2024 to early Q1 2025 to review this chart again......by dchua19690
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 intact for almost an entire year. An upward breakout is imminent... As always, set your stop losses accordingly.by stantheinvestingmanUpdated 3
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 the 2nd bottom at 0.236.by Doctor_Zeus2
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 Longby joaobrocatto0
$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 Longby Maximus200000
Global X Lithium & Battery Tech ETF - Support & resistanceOn the above 2-week chart of the Global X Lithium & Battery Tech ETF price action has corrected 60%. A number of reasons now exist to be long. 1) Support and resistance. In 2011 and 2017 price action found strong resistance exactly at $40 before breaking out in 2020 for a massive 140% gain. Price action has now returned to $40. 2) RSI resistance breakout. 3) Seller capitulation. Regardless of market seller capitulation into past resistance is a wonderful thing. Always a gift horse, lets not start counting teeth. It is possible price action corrects further? Sure. Is it probable? No. Ww Type: Trade, not investment. Risk: <=6% Timeframe for long: This month Return: 40%Longby without_worriesUpdated 9910
Lithium Recovery LIT LONG - Dec 23 (🐲🏔️JDSMF)The Hypothesis Since Nov 2021 after the COVID19 spike, Lithium prices have taken a beating and have been trending downwards. My hypothesis is that the previous spike was hype mainly driven by COVID19 speculative behaviour and if we just discount that overvaluation we will be at a fair price that has not included the continual demand, the consumer shift in acceptance and the development of supporting infrastructure. In my opinion fear has also been factored into price with weaker hands leaving. There are few reasons for this drop Jan 2022 to Dec 2023 - Back to back interest rate hikes Slow down of retail traders after the meme stock boom 2023 - Biden’s policies that are restricting the usage and subsidies on CN lithium EV batteries to help US capability catchup 2023 Over production of Lithium - 2023 - China slowdown resulting in a drop of Lithium orders - Sep 23 - Ford Halts construction of Michigan Battery Plan The Parabolic Catalyst EV demand has continued to increase, even if it has slowed in 2023 Dec 2023 the Fed has announced rate cuts and this will improve liquidity at least for the companies. 2023 EV prices are getting closer to combustion vehicles, this will also help spur volume growth The key reason I have pegged that the sector is turning around is the acquisition of smaller companies. They have done their due diligence and have determined that the current prices have headroom to grow and are bullish on the future volume needs - 21 Dec - Chile's lithium miner SQM joined hands with Gina Rinehart, Australia's richest person and mining magnate, to propose acquiring Perth-based miner Azure Minerals for $1.1B. - LTHM's merger with Allkem is expected to bring synergies and diversification of assets, making it one of the world's largest lithium companies - Chinese battery maker CATL and automaker Volkswagen [OTCPK:VWAGY are likely the final bidders for Sigma Lithium NASDAQ: The Fair Price 30.13 in my opinion is a fair price this is 50% of the Pre COVID + COVID19 spike range. However for this trade, I entered at 49.31 with a risk of -39.32% What Factors Would Break This Hypothesis The discovery of a new battery material that is lighter and has more rangeLongby Ronin_traderUpdated 4
Looking for a big bounceBeen beaten down for a couple of years, but we're in the 0.238 zone on the fib retracement chart where we would need to see some reversal to continue the upward trend. Fundamentally, there is still a strong demand for lithium so upward trend is in play. I believe this correction is almost over and we will start upward trajectory. This is a Weekly timeframe so it may take some time for this to take effect.Longby Doctor_Zeus0
Trainning pacience and playing volatilityLooking for a hit at the buying zone for long position, no worries, playing the range till buttom on weekly chart by joaobrocatto1
3 tips to save more money during inflationRead this recent article here I often wonder why there are so much emphasis of going to school globally, mandatory in some countries up to a certain level yet the contents of what are being taught are not revised or change to match the current economic condition. Could this be some form of conspiracy theory where the parties involved do not want its people to become rich or financially independent ? It is no wonder people are feeling anxious and stressed up when all they see are rising costs and stagnant wages. In an expensive city like Singapore, I felt the pinch too and have recently make some drastic changes to curb my expenses. One, take a piece of paper and write down all the recurring monthly expenses that you need to pay. Eg. mortgage, utility, phone, WIFI, barber ,etc So, the large items like mortgage and utility bills are quite hard to reduce the amount . We can start with the easier one like going to the barber. For months now, I have been cutting my own hair and my son's hair. This saves us S$20/month or S$240/year. A trip to the barber will costs you $10/person. Just go online and buy an electric shaver for hair (not moustache) and learn to cut your own hair. Next, eliminate or reduce meat from your diet. I have been a pescatarian for years and now with fish price going up , I am going vegetarian as well. In addition, I also try to grown some edible plants like maple beans sprouts, hibiscus and Queen of the Night . I have also included one simple r ecipe that I prepared recently. Many of the dishes you can go to any cookery websites or google for videos to learn from it. Try those with simple and inexpensive ingredients you can get locally , avoid the imported, high end stuff. Lastly, exercise. I cannot stress enough the importance of keeping oneself fit and healthy. Think about it - isn't all your dreams , aspirations ride on this one fundamental backbone - your health ? Without it, how can you pursue your lofty goals ? I run about 2 x a week and swim 3-4 x a week. Thus far, I am very blessed as I have not seen a doctor for decades. Exercise not only boost your immune system but also provides you the mental wellness you need to combat the daily stress and anxieties we faced. I hope this is useful for some of you and would be happy to exchange more ideas in the future. Longby dchua1969Updated 3
LIT: Bottomed out, Possible bullish bias toward 81-115LIT stock's price has bottomed out and is likely to remain bullish for the balance of the year. Target is around 81, however it can be stretched up to 115. As long as price holds above 64, a bullish trend is expected.Longby Quantific-Solutions0
A must have - Lithium for EV vehiclesInstead of choosing individual battery company to invest, it can be a daunting task and some investors may like a broader category like LIT ETF which includes many lithium manufacturers. For easy reference , here's the list : All 40 Holdings Holding Weighting Albemarle Corp (ALB) 18.83% Sociedad Quimica y Minera de Chile SA (SQM) 13.12% Tesla Inc (TSLA) 7.17% Varta AG (VAR1:XETRA) 5.98% GS Yuasa Corp (6674:TYO) 5.34% Livent Corp (LTHM) 5.03% EnerSys (ENS) 4.92% Panasonic Corp (6752:TYO) 4.86% Simplo Technology Co Ltd (6121:TWO) 4.78% Samsung SDI Co Ltd (006400:KSC) 4.50% LG Chem Ltd (051910:KSC) 4.42% Byd Co Ltd (1211:HKG) 4.38% Orocobre Ltd (ORE:AUX) 1.81% Pilbara Minerals Ltd (PLS:ASX) 1.63% Galaxy Resources Ltd (GXY:ASX) 1.35%Longby dchua1969Updated 6
$LIT: Lithium good for a pop back over trendline?Lithium has seen better days but we wonder if she's still good for a pop or potentially a bullish save. We will seeLongby Fox_TechnicalsUpdated 2
Lithium looks to have broken out Price of product is increasing, a number of stocks listed on the asx have been smashed over the past 6 months. Looks to be a good time to enter here on ASX:CXO and $LKE.Longby FinanceBomb110
$TKM - TREK Potential swing back up.TKM had a huge move on the 3 Nov on the release of the below High grade Assays. Looking for it to trade back into that range marked out on the chart which it currently is. The range low here is key. I'm looking for a reaction off the range low, OR a break below range and a Deviation and reclaim of the range low would be bullish and my trigger point to enter long. Cut all below orange line. PIPs are big risk is big, Looking at LIT ETF for confluence looks like it may be at a relative support zone. NOV 3 announcement TREK METALS LTD ( $TKM $TKM.ax ) has released " High Grade Lithium Assays of up to 3.07% Li2O at Tambourahby gillman_hughUpdated 2
looking sketchy$tsla, (and the battery cars sector), about to go terminal. Have a close eye on lithium stocks here. $lit showing a bit more life, but is obviously correlated to Tesla, bigtime. This week, was rejected by weekly 30EMA, indicating a new leg of downside is probable.Shortby DollarCostAverage0
short them battery carswhat a great short set-up to $40 if final support is broken.Shortby DollarCostAverage0
short set upthe lithium ETF vs Palladium/platinum ETF. down is bearish for lithium things and bullish for palladium things. Shortby DollarCostAverage1
head and shoulders about to go terminalthe charts are saying something about #lithium and the #battery cars that you won't see on the twitter. Shortby DollarCostAverage2
Will we see batteries powering large containerships?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 pollution and regulations are on the horizon Maritime shipping is responsible for the transport of roughly 11 billion tonnes annually, which, put another way, accounts for 90% of global trade by mass. This is done through the consumption of about 3.5 million barrels of low-grade heavy fuel each year1. This fuel contributes significantly to pollution. How much pollution? - One estimate placed the contribution of ships to human-generated carbon dioxide in the 2018 year at 2.5%. It is possible that by 2050, ships could be responsible for as much as 17% of total carbon dioxide emissions2. - Another estimate indicated that one large ship emits as much carbon dioxide as 70,000 cars, as much nitrogen oxide as 2 million cars and as much fine dust and other carcinogenic particles as 2.5 million cars3. The International Maritime Organisation (IMO) has indicated action to reduce maritime emissions consistent with the Paris agreement. One component: A reduction of 50% of carbon dioxide emissions by 20504. What do ships do today? Ships are already seeking to optimise their routes or travel across the water more slowly, which can use less fuel. There is even work being done on hybrid systems. However, whether it is traveling more slowly or using methods of being ‘hybrid’, meaning mixing an electric motor with an internal combustion motor, it is currently thought that the reduction in emissions would be in the range of 10-15%--better than nothing, but not close to 50%5. Ships vs. planes—the story of energy density Whether one is flying through the air, taking off from the ground, or pushing a ship through the water, it is fairly simple to know how much energy is needed to do each of these things. Here, we are considering the source of that energy, and it’s important to note that any source could theoretically be used, but that there are certain trade-offs that occur with each choice. The simplest of these trade-offs comes down to ‘energy density’, meaning how much energy can be extracted per unit of weight. Hydrocarbon fuels have significantly higher energy density than current batteries, and this is why people will tend to cite the weight of the battery in an electric vehicle or the fact that adding batteries to planes has a big increase in weight that is difficult to compensate for. Depending on the specific type of fuel under discussion as well as the specific battery chemistry, statistics indicate that hydrocarbon fuels are in the range of 50-100 times as energy dense as current batteries6. The bottom line—with hydrocarbon fuels you can get the same energy for a lot less weight. Now, in a giant containership, weight is a lot less of a concern than it is for a vehicle that needs to take to the skies. There could even be benefits from distributing the weight across the ship such that it sits more evenly in the water. If one is looking at a current setup that causes a lot of pollution and where adding incremental weight may not be the biggest concern, maritime shipping could offer a lot of ‘bang for the buck’ so to speak. Fleetzero—a start-up bringing battery power to maritime shipping It’s notable to see the founders of Fleetzero flipping the key question on its head—instead of trying to use batteries on the largest current ships to replace the dirty, pollution-generating fuel for power, they recognised that the reason that ships operate the way they do, with the capacity to go around the globe on a single tank, is due to the historical path of innovation that has led us to this point. Smaller ships that stop more frequently in different ports could much more easily use battery technology for power7. Instead of changing ships that were optimised for fossil fuels, why not rethink how ships are built and operated around battery technology? Fleetzero’s innovation would include batteries that were the size of shipping containers that could be swapped on and off the ship and charged at times of the day when the price of electricity was lower. They are in the process of building these prototype batteries, and over time they would seek to be building entire ships. Customers are already indicating the demand for ‘zero carbon shipping’—firms like Ikea, Patagonia and Amazon are already discussing this with a timeline of getting it done by 20408. It's notable that this approach would allow for further innovations in battery technology to be reflected in the batteries being swapped in and out, so as new energy storage systems gain primacy, Fleetzero’s systems could reflect it and take advantage. Energy storage represents one of the most exciting focus areas of the coming decades With the world’s focus on climate change, a catalyst is therefore created for a continual focus on different ways to effectively store energy for ‘on-demand’ use. Energy supplies are nearly unlimited—just think - if we could effectively corral and capture all of the sun’s energy hitting earth on a given day, but the challenge is in converting it into a form that can be stored and used as and where needed. So many different technologies are being explored that we are certain the coming decades are going to be quite interesting in terms of unpredictable breakthroughs. Sources 1 Source: Kersey et al. “Rapid battery cost declines accelerate the prospects of all-electric interregional container shipping.” Nature Energy. Volume 7. July 2022. 2 Source: Kersey et al. July 2022. 3 Source: www.infineon.com 4 Source: Kersey et al. July 2022. 5 Source: Kersey et al. July 2022. 6 To cite an exact figure, one would need to specify a precise type of fuel and a precise type of battery chemistry. That was not our focus here, but there are many potential sources available to drill down further. 7 Source: Peters, Adele. “This start-up designed an electric cargo ship to cross the ocean.” Fast Company. 6 April 2022. 8 Source: Peters, 6 April 2022. This material is prepared by WisdomTree and its affiliates and is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. The opinions expressed are as of the date of production and may change as subsequent conditions vary. The information and opinions contained in this material are derived from proprietary and non-proprietary sources. As such, no warranty of accuracy or reliability is given and no responsibility arising in any other way for errors and omissions (including responsibility to any person by reason of negligence) is accepted by WisdomTree, nor any affiliate, nor any of their officers, employees or agents. Reliance upon information in this material is at the sole discretion of the reader. Past performance is not a reliable indicator of future performance. by aneekaguptaWTE1
LIT - Lithium 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.by jonnytren1