This is one I think will be good for a long term play. The trend on this stock has been quite predictable in its up and down movement and from what I can see I believe that the $30 zone is a good place to make my first entry position. I am prepared to buy the dips as they come with the expectation that it would bounce off the low to mid $20 support zone if it did. For the most part I am looking to scale back my positions as it goes based on 2 specific spots on the chart as marked already. Otherwise I will let the remaining balance ride as far as it can. With the demand on Lithium and the need for its supply, I think we are still early on in the game.
Lithium Americas Corp. is a resource company, which engages in lithium development projects. Its projects include: Thacker Pass and Caucharí-Olaroz. The company was founded by Raymond Edward Flood, Jr. on November 27, 2007 and is headquartered in Vancouver, Canada.
Lithium Americas Corp. is a resource company, which engages in lithium development projects. Its projects include: Thacker Pass and Caucharí-Olaroz. The company was founded by Raymond Edward Flood, Jr. on November 27, 2007 and is headquartered in Vancouver, Canada.
Comment:
Since my last post here the stock it self has traded back and forth but in a downward channel. I have bought down my average at the $22 zone and again in the low $19 zone. Still bullish on the long term perspective for this one.