ΣL Lithium Composite - 4th November 2024 | @ 78 Days | + 32.9%
Last Trade: + 32.9% | 'B' class signal in Sigma-L lithium composite (ALB, PLL, LAC, SQM, LIT, LITP, BATT, REMX). Avg. wavelength of 78 days since September 2022 from 10 iterations. Currently peaking
ΣL Cycle Summary
Amplitude and yield returned to this component in our lithium sector composite over the last up leg. Patient bulls had waited several subdued iterations for some power to return so it was a welcome chapter for them. Frequency has remained stationary throughout and there is no reason to believe it will change given the evidence infront of us. The component is now peaking with the next trough due later this month. Within the composite Piedmont Lithium Inc (PLL) and Lithium Americas Corp. (LAC) heavily outperformed this time.
Trade Update
Summary of the most recent trade enacted with this signal and according to the time prediction detailed in the previous report for this instrument, linked below.
Type: Buy - Lithium Composite 19th September 2024
Entry: 19th September 2024
Exit: 4th November, 2024
For a composite analysis, each constituent’s respective gain over the period is displayed, in descending order. The average of the constituent gain is also shown.
Constituent Gain:
PLL (86.61%)
LAC (86.44%)
REMX (25.78%)
LITP (23.84%)
ILIT (21.37%)
LIT (18.77%)
ALB (16.64%)
BATT (9.09%)
SQM (7.54%)
Composite Average Gain:
32.90 %