The lithium market has been ablaze with excitement in 2021 as well as the the first and last quarters of 2022. The lithium market may have retraced in the first half of 2023. It might have made some investors sceptical about lithium investing. It certainly did not make us doubt. Sector rotation is the dominant force in markets since 18 months, so rotation is to be expected. Moreover, we explained in great detail How To Play The Green Battery Super Cycle In 2023, the current dynamics were explained in that article in great detail. This is not the end of the lithium bull market, on the contrary. We continue to believe that The Lithium Mega Bull Market Is Resuming as explained in LIT ETF Signals the Start of the Next Bullish Wave in 2023.
In this blog post, we unveil the chart of a hidden gem — a lithium stock that stands out with an unusually bullish reversal. This stock has caught our attention due to its recent breakout with a gap at the open, coinciding perfectly with a 30-month reversal pattern. That’s why we consider this the one lithium stock to buy in August 2023.
Remember, our vision about beauty of a chart and its profit potential is a direct, positive correlation. We encourage readers to read timely wisdom in this article Investing Secrets: Beauty Results In Profitable Investments.
As we delve into the analysis of this remarkable chart, we will uncover the leading indicators that have propelled this stock to the forefront of our radar. Momentum investing members have already received the exclusive details, but fear not, for we are about to reveal the name of the lithium stock that you should consider buying in August of 2023.
Lithium: leading Indicators and Bullish Signals
Before we get to the star of the show, let’s explore the leading indicators that have influenced our decision-making process. Our analysis has been primarily centered on three key indicators, guiding us towards the most opportune time to make a move:
- Spot Lithium Price in China: The spot lithium price in China has remained below 333k CNY/t, signaling a period of consolidation. However, this has not deterred our excitement for the potential in this particular lithium stock. The broader market trends and the stock’s unique features have led us to consider it as an exception amidst the consolidation phase.
- Lithium Futures Price: Lithium futures have held steady in the 33 to 44 range, in line with the overall market trend. Yet, the standout chart of our chosen lithium stock has enticed us to explore further, uncovering an opportunity that surpasses the constraints of mere consolidation.
- LIT ETF – Tracking the Sector: The LIT ETF, which provides insight into the lithium and battery stock sector, remains above 63, indicating a bullish reversal in progress. The ETF’s performance aligns with the general sentiment in the lithium market, but our attention is now fixated on a single stock that shines even brighter amidst the sea of opportunities.
Drilling Down to the Extraordinary Lithium Stock To Buy
Now, let’s delve into the star of this article — the lithium stock that has captured our intrigue with its remarkable chart.
Behold, the chart of this exceptional lithium stock showcases an unusually bullish reversal! Breaking out on a memorable Friday, the stock witnessed a gap at the open, coinciding precisely with a 30-month reversal pattern. These unique features are not to be taken lightly, as they indicate a potential surge in momentum and an exciting entry point for investors seeking a strong performer in the lithium sector.
Our analysis indicates that this lithium stock boasts unmatched upside potential. The breakout and gap at the open in conjunction with the 30-month reversal pattern have created a powerful signal for a substantial upward move. As Momentum Investing members have already discovered, the time to seize this opportunity is now.
Members-Only Exclusive Details
While we’re excited to share this discovery with all readers, we must also recognize the value of our Momentum Investing members. They received exclusive access to the intricate details surrounding this lithium stock on Thursday, enabling them to act swiftly on this groundbreaking opportunity.
Moreover, since 2 months, we are providing coverage on this stock. We quote from our recent alerts:
- On June 19th, 2023, we wrote to our premium members: “We believe more speculative investors should consider a first slice in this lithium miner.”
- On July 30th, 2023, we wrote to our premium members: “This stock is one of the few lithium stars, it is an absolute gem! We continue to like this stock a lot. The long term reversals is a beauty, without any doubt. It’s a lithium stock that anyone can consider for the long term, certainly as a new position.”
- On August 3d, 2023, we wrote to our premium members: “Talking about sector rotation, there is one stock in our lithium selection that is testing, once again, its secular breakout. The reversal is absolutely fabulous, this stock is on our favorite list since a long time. The bullish energy that will be unleashed once it clears its breakout level will be tremendous. This is the most fabulous reversal in the lithium space currently.“
Note that we featured this lithium stock in our in-depth sector report Lithium & Graphite: Top Stocks Selection. In fact, the first from the three quotes outlined above is from our in-depth report.
Conclusion
In conclusion, as the lithium market continues to showcase its dynamism, we have uncovered an exceptional lithium stock that surpasses the current consolidation phase. With its unusually bullish reversal, breakout, and gap at the open, this stock holds the promise of significant growth potential. Investors looking to add a powerful performer to their portfolio should consider this lithium stock as a top pick in August of 2023.
W encourage you to explore further and conduct your own due diligence before making any investment decisions. Remember, the market is ever-changing, and successful investing requires careful consideration and a long-term perspective. Moreover, while we are unusually excited about the prospects of this particular lithium stock, we also need to point the invalidation criteria: if this stock falls back below its breakout point in the coming 6 trading days, it might not be able to confirm its breakout. It will likely postpone it though.