Last time
I posted LaC as a short was around 40$. Taking about it coming back to lower support of this rising broadening wedge. Now this isn’t a bullish pattern and with market sentiment this can fall through the floor. Howver here we lay around that support we discussed. Either taking postions here with stops below if we close a daily below 25$ otherwise we...
Lithium Americas Corp. operates as a resource company in the United States and Argentina. The company explores for lithium deposits. It owns interests in the Cauchari-Olaroz project located in Jujuy province of Argentina; Thacker Pass project located in north-western Nevada; and Pastos Grandes project located in the Salta province of Argentina. The company was...
Tapping thi upper reistance of this long term rising brodening wedge around 40$. This I pretty extended and if we see a larger move down the lower uptrend support is around 26$
LAC at extreme resistance! buying up here is very dangerous in my opinion. we will most likely see another dip to trend support in the next few months before another leg higher!
Most recent Earnings have proved that for the first time the company has been somewhat profitable, Thacker Pass project has been under fire due to scrutiny about some native lands. I hope that the Biden administration is on the side of Lithium Americas to help them develop and further the supply of EV batteries for EV vehicles like Tesla and perhaps other uses....
As you can see in the chart, LAC, Lithium Americas Corp., a company that explores for lithium deposits, has formed a bullish trendline.
We indeed might see a $40 spike in price like Cowen brokerage predicted.
Based on historical movement, the trough could occur anywhere in the larger red box. The final targets are in the green boxes. The pending top should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated BUY on March 4, 2022 with a closing price of...
Big falling wedge on LAC here- Played the last run-up when it was setting up very similarly to how it is now. Clean Bullish hammer bouncing right off the 200-day EMA, some bullish hidden divergence on the RSI, MACD golden cross. Bullish and will be looking for a breakout from this wedge (Broader Market Conditions Permitting)- Just some support and resistance...
Asset and Time frame -Daily,LAC
Entry Price -28.86
Exit(Stop Loss) 27.30
Exit(Take Profit) -33.06
Technical Analysis - Price breached a trend line with suttle volume and is now with collision with the 100DMA +4H MA, on the 4H chart price reached overbought on the RSI, for those who want a safer entry, wait for the daily candle to close above the 100MA
Good Luck
Price is in a descending channel on 15M charts, a channel which will likely resolve upwards. A double bottom (from a shorter term perspective) has also been formed, suggesting that price will continue to appreciate up till $27.50. On the 4H charts, price has been stuck in a falling wedge for several months and is currently close to breaking out of that huge...
$LAC Analysis, Key levels & targets
Request for @HannahN1512
So LAC is just sitting perfectly on the 35EMA… Believe it or not, this would be a level to add, if you have a long position… and if it breaks below the red line, I would be targeting 16.87 to add. (And there’s two other support levels below that could be add levels here. Nice profit margin in this...
Looks like we just finished the 9 year uptrend with a 5 wave move and even can see a classic throwover associated with rising wedges. Very nice. I just saw an advertisement for this company funny enough and this looks really overextended.
Yes there will be a higher future demand for Lithium but the stock has gotten ahead of itself. This will pullback hard almost...
Another beaten down name that could benefit from a surge in EV's would be LAC. This company engages in the production of lithium. Testing a big previous breakout area in the $25 range. Really just depends on overall market sentiment on Electrical Vehicles imo. With LCID's share holders being unlocked soon i feel like that could be a moment to watch to see if...
