iShares Lithium Miners & Producers ETF (ILIT) – Bearish to Bulli
ILIT is showing signs of a major trend reversal after a long bearish cycle. The ETF has broken out of its descending trendline (red) and is now establishing a new bullish trendline (green). The rounded bottom structure highlights a transition from bearish to bullish momentum.
Currently, price is consolidating around $10.20–10.60, just below the key resistance level at $12.60. A breakout above this zone could confirm a strong bullish continuation.
🔑 Trade Plan:
Entry Trigger: Break and close above $10.60–11.00 for early confirmation, or above $12.60 for full breakout.
Profit Targets:
Target 1: $12.60 (+19%)
Target 2: $18.00–20.00 (medium term)
Target 3: $30.00+ (long-term projection if bullish momentum sustains).
Stop-Loss: Below $9.50 (back inside bearish zone).
📊 ILIT’s chart shows strong accumulation and a potential sector-wide recovery in lithium miners. If buyers step in at the current level, this ETF could transition into a long-term uptrend.
Not financial advice. No responsibility for any actions taken.
Currently, price is consolidating around $10.20–10.60, just below the key resistance level at $12.60. A breakout above this zone could confirm a strong bullish continuation.
🔑 Trade Plan:
Entry Trigger: Break and close above $10.60–11.00 for early confirmation, or above $12.60 for full breakout.
Profit Targets:
Target 1: $12.60 (+19%)
Target 2: $18.00–20.00 (medium term)
Target 3: $30.00+ (long-term projection if bullish momentum sustains).
Stop-Loss: Below $9.50 (back inside bearish zone).
📊 ILIT’s chart shows strong accumulation and a potential sector-wide recovery in lithium miners. If buyers step in at the current level, this ETF could transition into a long-term uptrend.
Not financial advice. No responsibility for any actions taken.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.