It's Time for a Playoff Push

The first daily chart, below, illustrates the monstrous run lithium has enjoyed throughout 2017, using the LIT ETF as a proxy. 

The three main lithium-related plays we have been noting for Members during the year have been chemicals: ALB FMC SQM. Indeed, all three seemed to largely move in unison, and largely move higher. 

And as we wind down 2017, it begs the question of whether LIT and the three lithium stocks will go out with a bang as a the cherry on top of a great year. What makes this issue even more compelling is that ALB has recently pulled back, a likely long overdue series of profit-taking after a freight train rally higher. 

On the second daily chart, ALB is now trying to turn back higher, up and out of its defined falling channel pattern. As long as it can now hold over $130, I am looking at ALB for a final push into the heart of the holidays.