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tnabors23
Sep 29, 2020 8:29 PM

LAC LONG  Long

Lithium Americas Corp.NYSE

Description

Huge basing pattern. This is definitely one to be watching. It also has been accumulating a large amount of volume.

*NOT INVESTEMENT ADVISE*

Comment

broke resistance.. waiting on close
Comments
altinAdam
Considering this:

altinAdam
so good. Been in this one. Got into trouble by buying high and it dropped hard. so i bought more and got out of trouble. Whew
tnabors23
@altinAdam, I mean it did exactly what is was supposed to do!! You have to love when it does it. Since it broke out on the day I will either buy on close. Or I will buy in the morning when people are selling the profits they made.
altinAdam
@tnabors2, I sold a bunch at $1233 today and will be buying back with you on the bounce off retest of breakout level.
tnabors23
@altinAdam, yessir that is how ya do it. I didnt wanna chase this one especially
tnabors23
@altinAdam, I love the chart and i think that is a valid point. I think it will be a nice play. I try to never chase something I am not in before it breaks upwards.
joseafonsoj
The market is calling for, is a strong buy still and keep moving up, still not a go ?
tnabors23
@joseafonsoj, Yeah know it very well could be a buy. I prefer to buy on the close just to improve my odds of it not faking me out. That's just my preference. I think it could go on a long run.

*Not investment advice*
joseafonsoj
@tnabors2, What is the advantage waiting till close to buy?
tnabors23
@joseafonsoj, It just reassures it isnt a head fake breakout where it drops sharply. However this probably isnt a headfake.
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