LTHM long position. Market touched a lower Lin Reg and below MACD on H4. Confirmation on H1 to take long position with 2 TP. Tp1 at $24.93 and 2nd at $29.90. SL at $20.34 This content should not be interpreted as financial advice
Lithium stocks, including NYSE:ALB , NYSE:SQM , an NYSE:LTHM all had a major pullback Friday after Chilean President Gabriel Boric shared plans to nationalize the country's lithium industry and create a separate state-owned company to produce the metal used to make electric vehicle batteries. NYSE:LTHM got crushed last week closing down -5.01% at 20.66. ...
Adding this to watch list as a pureplay on Lithium
Livent Corporation manufactures and sells performance lithium compounds primarily used in lithium-based batteries, specialty polymers, and chemical synthesis applications in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company offers lithium compounds for use in applications that have specific performance requirements,...
Livent Corporation ( NYSE:LTHM ) Sector: Process Industries (Chemicals: Specialty) Market Capitalization: $5.778B Current Price: $30.49 Breakout price: $32.90 Buy Zone (Top/Bottom Range): $30.10-$26.70 Price Target: $44.80-$46.20 Estimated Duration to Target: 117-125d Contract of Interest: $LTHM 4/21/23 35c Trade price as of publish date: $4.00/contract
I think $LTHM offers tremendous long term upside here from a fundamental POV, as well as technical. I have a LEAPS position going, aiming to capture the upside in the chart. I suggest you keep some long term exposure to it via shares or calls (riskier, Jan 2024 calls should be fine). Miners will have a tough time ramping up lithium mining to meet EV makers...
with 2 days before earnings, its watch and see setup. Will be difficult to put on positions ahead of that report (unless you are gambling).
Price seems to be bouncing off 26.50. potential Long
$LTHM potential #lithium leader working on a handle for a deep 44% cup base w/ handle base. Need a bit more work but one to watch.
Desicion to Buy. Entry Price = $29.61. Target Price=$30.72. Stop Price=$28.50.
Projection based on Elliott wave theory, support and resistance as well as supply and demand. Buy area is 14,3-15,7 with right price action on daily and weekly with target above all time high.
Livent Corporation ( NYSE:LTHM ) Sector: Process Industries (Chemicals: Specialty) Market Capitalization: $3.922B Current Price: $24.25 Breakout price: $25.00 Buy Zone (Top/Bottom Range): $23.70-$20.50 Price Target: $29.30-$30.80 Estimated Duration to Target: 160-171d Contract of Interest: $LTHM 10/21/22 30c Trade price as of publish date: $2.00/contract
LTHM is on long what you mean on new ATH :) I mean now go on same level on ATH or may be up my TP is on ATH 34,6.
LTHM approaching the final targets to upside, time to start trading with extreme caution if long here. but we may still see some rally to 36.02-41.51, really doubt we go much higher than that.
LTHM made a New All Time High on Friday (News Driven Move) Text Book base breakout 6 Month Long Base More than twice of average volume on breakout Measured move target: 46.50
there is a bull flag pattern we are breaking out of that would call for a 37 PT if realized fully. Clearly has broken out already and I am late to the game on this name. I am watching for weakness / pullback in this name. there is a share dilution of 17.5 mln shares ~10 of outstanding shares I believe if my math is correct that is from buying out QLP to take %50...
Desicion to Buy. Entry Price = $27.47. Target Price=$28.37. Stop Price=$26.57.