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Bullish Case: LIT's growth potential underpinned by the steady adoption of EVs and battery tech, supported by historical data showing positive long-term returns.


Bearish Case: Current price trend indicates a downturn. Technological shifts and market saturation risk diminishing demand for lithium-related products.


Potential Outcomes: Probability of growth relays on EV market demand (35%), risk of stagnation due to market equilibrium (30%), chance of decline from oversupply or economic factors (35%).


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April 17, 2024


Global X Lithium & Battery Tech Forecast

LIT        Global X Lithium & Battery Tech
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)






Correlated Stock Forecasts

Assets that tend to move strongly with LIT



MPW Forecast + Options Trading Strategies   [MPW]  Medical Properties (0.96)


LAZR Forecast + Options Trading Strategies   [LAZR]  Luminar (0.94)


GOGO Forecast + Options Trading Strategies   [GOGO]  Gogo (0.94)


MESO Forecast + Options Trading Strategies   [MESO]  Mesoblast (0.94)


PRTA Forecast + Options Trading Strategies   [PRTA]  Prothena (0.93)



Uncorrelated Stock Forecasts

Assets with little price relationship to LIT



HSBC Forecast + Options Trading Strategies   [HSBC]  HSBC (-0.0)


QYLD Forecast + Options Trading Strategies   [QYLD]  Global X NASDAQ 100 Covered Call (0.0)


ZSL Forecast + Options Trading Strategies   [ZSL]  ProShares UltraShort Silver (-0.01)


EOG Forecast + Options Trading Strategies   [EOG]  EOG Resources (-0.01)


ASH Forecast + Options Trading Strategies   [ASH]  Ashland (0.01)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against LIT



STNG Forecast + Options Trading Strategies   [STNG]  Scorpio Tankers (-0.9)


TW Forecast + Options Trading Strategies   [TW]  Tradeweb Markets (-0.91)


BRBR Forecast + Options Trading Strategies   [BRBR]  Bellring Brands (-0.92)


CB Forecast + Options Trading Strategies   [CB]  Chubb (-0.92)


CBOE Forecast + Options Trading Strategies   [CBOE]  Cboe Global Markets (-0.93)





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