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Bullboard - Stock Discussion Forum Global X Lithium & Battery Tech ETF LIT

The investment seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Global Lithium Index. The fund invests at least 80% of its total assets in the securities of the underlying index and in American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs) based on the securities in the underlying... see more

ARCA:LIT - Post Discussion

Global X Lithium & Battery Tech ETF > Been watching this pull back where is bottom
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Post by Pocketfulofhope on Jan 31, 2024 11:30pm

Been watching this pull back where is bottom

Waiting to see when it levels, trading at 3 yr low.. with government grants to assist in country lithium supply i would of thought the global x would see positive buying.  Lithium sector as a whole is struggling like much of market.  In fact most of the plays are looking ripe for a bounce.  Government support should get investors interest back to Lithium. Once grants are awarded it should turn sector on.  The only play that seems to be trending north in lithium i am followinf or own is N.lits which has some interesting tec and have been issued grant money jn the past.   Global X i hope will see a similar reversal... started buying some today.   Great luck to all
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