Lithium Americas: Taking Off!

Lithium Americas’ stock recently posted significant gains. In our primary scenario, we expect the share price to surge above the resistance line at $6.96 and form a notable high while still remaining below the next higher resistance at $10.52. Our alternative scenario, meanwhile, assumes that renewed selling pressure will emerge in the near term, pushing LAC below the support line at $3.66 over the short run before the upward movement resumes afterward, with a probability of 15%.