iShares Lithium Miners & Producers ETF (ILIT) – Bearish to Bulli

ILIT is showing signs of a major trend reversal after a long bearish cycle. The ETF has broken out of its descending trendline (red) and is now establishing a new bullish trendline (green). The rounded bottom structure highlights a transition from bearish to bullish momentum.

Currently, price is consolidating around $10.20–10.60, just below the key resistance level at $12.60. A breakout above this zone could confirm a strong bullish continuation.

🔑 Trade Plan:

Entry Trigger: Break and close above $10.60–11.00 for early confirmation, or above $12.60 for full breakout.

Profit Targets:

Target 1: $12.60 (+19%)

Target 2: $18.00–20.00 (medium term)

Target 3: $30.00+ (long-term projection if bullish momentum sustains).

Stop-Loss: Below $9.50 (back inside bearish zone).

📊 ILIT’s chart shows strong accumulation and a potential sector-wide recovery in lithium miners. If buyers step in at the current level, this ETF could transition into a long-term uptrend.

Not financial advice. No responsibility for any actions taken.