When (LIT) Moves Investors should Listen
January 26, 2024, 22:52 pm ET, BY Mitchell H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for LIT
- Buy LIT slightly over 43.3 target 48.08 stop loss @ 43.17 Details
The technical summary data tells us to buy LIT near 43.3 with an upside target of 48.08. This data also tells us to set a stop loss @ 43.17 to protect against excessive loss in case the stock begins to move against the trade. 43.3 is the first level of support below 43.44 , and by rule, any test of support is a buy signal. In this case, support 43.3 would be being tested, so a buy signal would exist.
- Short LIT slightly under 48.08, target 43.3, stop loss @ 48.22 Details
The technical summary data is suggesting a short of LIT as it gets near 48.08 with a downside target of 43.3. We should have a stop loss in place at 48.22though. 48.08 is the first level of resistance above 43.44, and by rule, any test of resistance is a short signal. In this case, if resistance 48.08 is being tested, so a short signal would exist.
Swing Trading Plans for LIT
- Buy LIT slightly over 43.69, target 48.08, Stop Loss @ 43.56 Details
If 43.69 begins to break higher, the technical summary data tells us to buy LIT just slightly over 43.69, with an upside target of 48.08. The data also tells us to set a stop loss @ 43.56 in case the stock turns against the trade. 43.69 is the first level of resistance above 43.44, and by rule, any break above resistance is a buy signal. In this case, 43.69, 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 slightly near 43.69, target 43.3, Stop Loss @ 43.82. Details
The technical summary data is suggesting a short of LIT if it tests 43.69 with a downside target of 43.3. We should have a stop loss in place at 43.82 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, 43.69, 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 slightly over 43.69, target 44.11, Stop Loss @ 43.59 Details
If 43.69 begins to break higher, the technical summary data tells us to buy LIT just slightly over 43.69, with an upside target of 44.11. The data also tells us to set a stop loss @ 43.59 in case the stock turns against the trade. 43.69 is the first level of resistance above 43.44, and by rule, any break above resistance is a buy signal. In this case, 43.69, 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 slightly near 43.69, target 43.3, Stop Loss @ 43.79. Details
The technical summary data is suggesting a short of LIT if it tests 43.69 with a downside target of 43.3. We should have a stop loss in place at 43.79 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, 43.69, 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.
Check the time stamp on this data. Updated AI-Generated Signals for Global X Lithium & Battery Tech Etf (LIT) available here: LIT.
LIT Ratings for January 26:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Weak |
| P1 |
0 |
0 |
43.3 |
| P2 |
43.25 |
42.39 |
48.08 |
| P3 |
44.11 |
43.69 |
52.79 |
AI Generated Signals for LIT
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Global X Lithium & Battery Tech Etf (NYSE: LIT) report below is a real world example. Included are trading plans for LIT, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for LIT:
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