Global X Lithium & Battery Tech ETF (LIT) - 3rd November 2023 | @ 78 Days | + 14.23%
Last trade: + 14.23% | 'B' class signal detected in Global X Lithium & Battery Tech ETF (LIT). Average wavelength of 78 days over 13 iterations since April 2021. Currently troughing.
Global X Lithium & Battery Tech ETF (LIT) is an investment fund that aims to track the performance of companies in the lithium and battery technology sector. It offers exposure to firms involved in lithium mining, battery manufacturing, and related technologies. Investors can potentially benefit from the growing demand for electric vehicles and renewable energy storage.
ΣL Cycle Summary
Analogous to the recently reported 77 days wave in BATT, this component is also readily apparent via a time frequency analysis, although very slightly more amplitude modulated than the former instrument. Due a trough imminently with a peak in early December, according to the current phasing analysis.
Summary of the most recent trade enacted with this signal and according to the time prediction detailed in the previous post for this instrument, linked below.
Type: Sell - Global X Lithium & Battery Tech ETF 20th September 2023
Entry: 20th September 2023 @ 55.99
Exit: 2nd November 2023 @ 48.02
Current Signal Status
Defining characteristics of the component detected over the sample period.
Time Frequency Analysis
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