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jacobosiason7

Symmetrical Triangle - Watching closely

Long
Lithium Americas Corp. (NYSE:LAC)  
jacobosiason7 Updated   
NYSE:LAC   Lithium Americas Corp.
Trend Analysis Chart Patterns Technical Indicators Bullish Patterns breakout falling_wedge symmetrical_triangle hiddendivergence harmonic_pattern support_and_resistance supply_and_demand swingtrading
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trendanalysis chartpattern indicator bullish breakout falling_wedge symmetrical_triangle hiddendivergence harmonic_pattern support_and_resistance supply_and_demand swingtrading
Watching LAC and the lithium sector closely here- LAC is currently holding a massive symmetrical triangle on the daily timeframe while holding an even larger falling wedge on the weekly timeframe (See Attached Charts Below). Additionally, LAC is sitting right on its 100-day SMA, which, is has been acting as a strong support level for quite some time. LAC's EMAs are starting to curl upwards as well (Not Pictured), accompanied with a bullish cypher harmonic pattern on the daily timeframe, and lastly some bullish hidden divergence on the RSI on the weekly timeframe. Bullish and will be looking for a breakout from this triangle (Broader Market Conditions Permitting)- Just some support and resistance levels to keep an eye on along with some RSI-based supply and demand zones in the meantime
-- Price Targets & Previous Charts Attached In Description -

PT1- $27.69
PT2- $28.56
PT3- $29.96
PT4- $31.15

--Weekly Timeframe--
LAC - Weekly

--Previously Charted--
snapshot
snapshot
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Trade active:
PT1 & PT2 Reached ✅
Comment:
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