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ElPsyKongroo369

Lithium Americas Corp $LAC Bullish breakout

Long
Lithium Americas Corp. (NYSE:LAC)  
ElPsyKongroo369  
NYSE:LAC   Lithium Americas Corp.
Trend Analysis Chart Patterns Technical Indicators lithiumamericas Rising Wedge
3
0
trendanalysis chartpattern indicator lithiumamericas risingwedge
LAC was in an Rising Wedge formation but broke out bullish and also broke a resistance level of $6.06. Also the RSI is in bullish territory and ADX points to a strong trend. Today we came down to backtest the breakout level. You could try to enter now but if you want to be more on the cautious side wait until the price rises back above the $6.60 level of the breakout candle. The close of today was $6.38 and the measured move of the breakout is $7.75.

Good luck traders.
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