Today’s Chart of the Day was shared by Shane Murphy (@MurphyCharts). It's a Heikin Ashi candlestick chart of the Lithium & Battery Tech ETF, $LIT, over the past 1.5 years. This ETF is comprised of companies that are involved in the production of lithium batteries. Shane points out that $LIT is breaking out to all-time highs. In a comment to The Chart Report, Shane said "$LIT is breaking out of a 6-month base within a strong uptrend. The former highs, around $72-74, offer a well-defined risk level to trade against."
Chart of the Day - Thursday, July 8th, 2021
July 8, 2021
