$LIT lithium

$LIT lithium daily chart We are also paying quite a bit of attention to how lithium works now.

China's lithium futures are rebounding, and yesterday's Chinese lithium stocks are rising.

Also, there is a possibility that the partnership between Volkswagen and Rivian on a scale of 5 billion dollars announced the other day will become a new source of attention. Furthermore, maintenance of some production facilities in China has begun (China is a major producer and consumer of lithium), and tax-saving sales have ended in Australia this week.

I think it's an environment where shorts are easily covered due to profit-taking sales over the past few days and lithium stocks being oversold.

It has fallen to an important support line on the daily chart, so we are paying attention to movements near this line. $LIT $ALB $SQM $LAC $SLI