Lithium ETF inside buying area with bounce on TESLA
Time for rebuying and holding for bigger move or stop below the monthly low
Lithium ETF LIT 0.00%↑ is bouncing out of 40 day trough. Tesla is bouncing late in its 80 day cycle. There was a previous at least 20 week cycle in December supporting Lithium shares, here.
Look for higher prices once above current range of weekly prices, well into upper 50s with any luck TESLA will bounce with the rest of the market by Monday.
Holding positions for that measured move above price will require a buyer to hold a position for 2 months.
investor.cyclicalmarkets.com for positions and performance