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jacobosiason7
Jan 9, 2023 3:34 PM

LAC - Update - Breakout Long

Lithium Americas Corp.NYSE

Description

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--

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
Comments
jacobosiason7
✅ PT1 Reached
jacobosiason7
✅ All Price Targets Reached
rp227
good call !
jacobosiason7
@rp227, Thank you!
jacobosiason7
All Price Targets Reached ✅
jacobosiason7
✅ PT3 Reached
rhall6451
Watching as well. Inevitable.
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