If Lithium Bottoms, This Company is in Play

Latest Chinese Stimulus Act makes sector watchable on a pullback [Trade of the Day Wake-Up Watchlist] “China keeps lowering prices for lithium, which could bottom out the sector.” Karim Rahemtulla, Head Fundamental Tactician, Monument Traders Alliance [Karim Rahemtulla] Yesterday, Asian markets corrected after a monster two-week rally on the back of China’s stimulus measure. Hong Kong’s Hang Seng Index (.HSI) has been the best major market performer this year, and the latest rally was the steepest in a generation. But as of yesterday, it closed 9.4% lower – its heaviest fall since 2008. The drop came after China’s Economic Planner chairman Zheng Shanjie failed to provide enough detail to inspire traders on the new measures for the country’s 5% economic growth plan. With China’s volatility, I’m looking at areas for trade opportunities. And one sector that stood out to me is lithium. All lithium stocks began to rally hard after China’s stimulus measure a few weeks ago. This shouldn’t come as a surprise. China accounts for two-thirds of the world’s lithium chemical output, which is mainly used in battery technologies including electric cars. Chinese lithium producers are also flooding the global market with the critical metal, which is causing a major price drop as they seek to eliminate competing projects. If the lithium sector is in fact bottoming out, one stock I’ll be watching on a pullback is Albemarle. Albemarle’s is the world’s largest producer of lithium, with mines in Australia, Chile and the United States. In 2023 alone, Albemarle produced 39,000 metric tons of lithium worldwide. Its Silver Peak location is also the only producing lithium mine in North America. As you’ll see in the chart above, Albemarle has been surging since the Chinese stimulus act announcement and then corrected yesterday following the two-week rally. If the retest continues, a possible buy on a pullback is in play. ["Zero Day Options" Overnight Windfalls]( Forget the Frustrations of Day Trading... Target Up to +383% OVERNIGHT With This Dead-Simple ODTE Secret Instead! [🚨 New Trade Goes LIVE THIS TUESDAY at 2 pm 🚨]( Action Plan: The recent correction after China’s stimulus measure makes the lithium sector intriguing. If Albemarle’s price drops 5% to 10% lower, then I’ll be looking to buy on the pullback in [The War Room](. [To get the live alert for exactly how I’m playing this trade, click here.]( [NEW RESEARCH: AI Trading Tool "S.A.M." Could Have Found Profitable Trades With as Much as an 82% Win Rate (Over 5 Years)!]( [Nate with dog at Computer]( 5-year backtest shows that a revolutionary new AI-powered scanner developed by legendary trader Nate Bear could have found as many as 7,286 profitable plays (an average of 5 per day). See why traders who have early access can't stop raving about how powerful this new tool is. See the LIVE demo here... [>> Click to See the Demo <<]( [Monument Traders Alliance] Monument Traders Alliance You are receiving this email because you subscribed to Trade of the Day Wake-Up Watchlist. To unsubscribe from Trade of the Day Wake-Up Watchlist, [click here](. Questions? Check out our [FAQs](. Trying to reach us? [Contact us here.]( Please do not reply to this email as it goes to an unmonitored inbox. To cancel by mail or for any other subscription issues, write us at: Trade of the Day | 14 West Mount Vernon Place | Baltimore, MD 21201 North America: 1.800.507.1399 | International: +1.443.353.4977 [Website]( | [Privacy Policy]( Keep the emails you value from falling into your spam folder. [Whitelist Trade of the Day](. © 2024 Monument Traders Alliance, LLC | All Rights Reserved Nothing published by Monument Traders Alliance should be considered personalized investment advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed personalized investment advice. We allow the editors of our publications to recommend securities that they own themselves. However, our policy prohibits editors from exiting a personal trade while the recommendation to subscribers is open. In no circumstance may an editor sell a security before subscribers have a fair opportunity to exit. The length of time an editor must wait after subscribers have been advised to exit a play depends on the type of publication. All other employees and agents must wait 24 hours after publication before trading on a recommendation. Any investments recommended by Monument Traders Alliance should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company. Protected by copyright laws of the United States and international treaties. The information found on this website may only be used pursuant to the membership or subscription agreement and any reproduction, copying or redistribution (electronic or otherwise, including on the world wide web), in whole or in part, is strictly prohibited without the express written permission of Monument Traders Alliance, LLC, 14 West Mount Vernon Place, Baltimore, MD 21201.