Unum Capital: Global X Lithium & Battery Tech ETF (Portfolio Idea) – UnumCapital
post-template-default,single,single-post,postid-11157,single-format-standard,eltd-core-1.2.1,tribe-no-js,flow-ver-1.6.3,,eltd-smooth-page-transitions,ajax,eltd-blog-installed,page-template-blog-standard,eltd-header-standard,eltd-fixed-on-scroll,eltd-default-mobile-header,eltd-sticky-up-mobile-header,eltd-dropdown-default,wpb-js-composer js-comp-ver-6.0.5,vc_responsive,elementor-default

Unum Capital: Global X Lithium & Battery Tech ETF (Portfolio Idea)

Unum Capital: Global X Lithium & Battery Tech ETF (Portfolio Idea)

Dear Traders and Investors

In addition to shares, indices, currencies, commodities and digital/cryptocurrencies, Unum Capital also offers clients the ability to invest in Exchange Traded Funds (ETFs), both locally and offshore. These ETFs are suitable for both trading and investing purposes and allow investors to take allocate capital to an array of themes which include the following:

Sector ETFs
Country ETFs
Currency ETFs
Commodity ETFs
Smart Beta ETFs
Fixed Income ETFs
Inverse ETFs

Exchange Trade Funds also provide numerous advantages to the investor, including:

1. Diversification: Various shares in one basket
2. Single Transaction: Purchase a basket of shares with one click
3. Liquidity: Trades like a share, simple to enter and exit positions.
4. Dividends Immediately Reinvested
5. Tax Efficient

Today, I will have a look at an ETF, ideal for additions to long term portfolios.
An image
The Global X Lithium & Battery Tech ETF (LIT) invests in the full lithium cycle, from mining and refining the metal, through battery production.
Fund Objective: The Global X Lithium & Battery Tech ETF (LIT) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Global Lithium Index.
Efficient Access: LIT offers efficient access to a broad basket of companies involved in lithium mining, lithium refining, and battery production.
Thematic Exposure: The fund is a thematic play on lithium and battery technology.
An image

An image

On The Chart:
– Recent multi-month peak of $41 (Jan 2018)
– Has traded in a downward channel since
– RSI stabilizing, signaling downside momentum being lost
– Has rebounded off prior level of interest at $22
Click on chart to enlarge

Investing Plan:

Buy LIT at current levels $24.37 or better
Use a stop-loss of $19.40 to protect capital
Take Profit Level: $33

Please chat to the Unum Capital Trading Desk to take advantage of any trading opportunities.
All the best,
Lester Davids
Unum Capital Trading Desk Analyst
Tel: 011 384 2923
Lester Davids

Lester joined Unum Capital in July 2016 and is a Trading Desk Analyst focusing on local (JSE) and global multi-asset class technical strategy and research which includes idea generation.

No Comments

Post a Comment