When the LIT (Lithium ETF) swing trade idea was first posted as an untriggered trade setup (with a sell signal pending a break below the uptrend line) in this post just over a month ago, I stated that a stop would depend on one’s entry price if/when a short entry was triggered. LIT went on to breakdown & hit the first price target for a quick gain two days later (second chart below) but I didn’t add a suggested stop at that time.

Either way, for anyone that might still be in the trade holding out for any or all of the additional targets, I think a stop on the next move above 64.69 (slightly below today’s high) seems prudent. I’ve also added a new uptrend line which will trigger the next objective add-on or new short entry on LIT, for those that might have already stopped out. Previous & updated daily charts below.

LIT daily Oct 8th

LIT daily Oct 8th

LIT daily Oct 10th

LIT daily Oct 10th

LIT daily Nov 13th

LIT daily Nov 13th