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.
Lithium has been one of our most successful 'explosive' trades and it has proven as right.
Our first post on June 17, 2020 was the beginning of a series of trades on our ETFs account and the price has over-doubled ever since.
Later on we posted this about how 'Lithium is power' and indeed we had a further rise of over 40% until then.
At this stage we...
If it holds the 1.618 from the previous all time-high to all-time low at 67.94, it's a buy. Daily closes below that level should be the stop loss. If it corrects to 48, buy with both hands.
I've been watching this ETF for a while, always trying to buy at the exact point but couldn't just because I was afraid that it would go down just before I buy. Since November is been acting with divergence with its RSI so I waited, and now I think the pullback just begun so I'll keep waiting but more active. I like to buy when the price tests its MAs, especially...
Check our previous idea here from June - i think we bought at a perfect time.
Lithium= electric car batteries...but how long can it rise? This is very hard to say
So, share of "lithium" in top technologies is rising
Argments:
-Strong eco and anitcarbon trends (look energy XLE)
-EV part rising, EV gorvernment programs
-battaries is main part of EV and lithium is mainstream of battaries. Even with hydrogen technologies, lithium is bottleneck in EV tech
