It looks like the LIT ETF could be primed for a big move upwards which would align with the current set ups on many ASX stocks in the lithium sector.
Started the way some of the others have with a bullish MACD divergence.
Zoomed in below you can see the 9 ema has just about crossed the 62 fib line of part of the smaller sequence and the price target takes it up to the 62 fib of the larger sequence above, if it can get through there the target is around $106.
Any thoughts on how this may play out? Does this theory work on ETF's?
