iShares Lithium Miners & Producers ETF (ILIT) – Bearish to BulliILIT 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.
