Just posting a quick update on LAC here as it appears to be setting up again for another leg up. I played both previous run-ups when it was setting up very similarly to how it is now. Big falling wedge on the daily timeframe, clean bounce off the $19.04 support level, some bullish hidden divergence on the RSI, and a MACD golden cross on the 4-Hour Timeframe (Not Pictured). Additionally, LAC formed a massive bullish Gartley harmonic pattern on the weekly timeframe (See attached chart below). 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 --
- Falling Wedge
- Bollinger Bands Squeezing
- MACD Golden Cross on the 4-Hour Timeframe
- Bullish Gartley Harmonic Pattern Formed
- Bullish Hidden Divergence on the RSI
PT1- $24.23
PT2- $25.89
PT3- $26.94
PT4- $27.69
-- Weekly Timeframe --
-- Previously Charted --
- Falling Wedge
- Bollinger Bands Squeezing
- MACD Golden Cross on the 4-Hour Timeframe
- Bullish Gartley Harmonic Pattern Formed
- Bullish Hidden Divergence on the RSI
PT1- $24.23
PT2- $25.89
PT3- $26.94
PT4- $27.69
-- Weekly Timeframe --
-- Previously Charted --
Comment:
Price Target 1 Reached ✅
Comment:
PT2- Reached ✅
Trade closed manually:
All Price Targets Reached ✅