Have had my eye on LAC and the lithium sector for quite some time now, and some big news coming this week for LAC while simultaneously setting up for a breakout. LAC is currently holding a massive falling wedge on the daily and weekly timeframes. On top of that, LAC has some slight bullish hidden divergence on the RSI after being way in oversold territory, a double bottom, and MACD golden cross, all accompanied by a bullish cypher harmonic pattern on the daily timeframe (Not Pictured), and lastly some bullish hidden divergence on the RSI on the weekly timeframe. Bullish and will be looking for a breakout from this wedge (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- $20.81
PT2- $21.67
PT3- $22.54
PT4- $23.78
--Weekly Timeframe--
-- Previously Charted--
PT1- $20.81
PT2- $21.67
PT3- $22.54
PT4- $23.78
--Weekly Timeframe--
-- Previously Charted--
Trade active:
2/17' 2/17' 20/30 Call Spreads @ 1.40
Comment:
✅ PT1 & PT2 Reached
Comment:
✅ PT3 Reached
Trade closed: target reached:
✅ All Price Targets Reached
