Watching LAC and the lithium sector closely here- LAC is currently holding a massive symmetrical triangle on the daily timeframe while holding an even larger falling wedge on the weekly timeframe (See Attached Charts Below). Additionally, LAC is sitting right on its 100-day SMA, which, is has been acting as a strong support level for quite some time. LAC's EMAs...
Possible Weekly Inverse Head and Shoulders . Detailed Description in Chart
Waiting for break of wedge on higher time frame for entry but watching to move higher than making a Right shoulder on a possible Head and shoulders (daily chart). Watching for Higher lows on higher time frames. Overall though is could move to top of channel on weekly. Risk management is...
After reaching a high of over $41 in 2021, Lithium Americas has languished since, spending much of its time in the $20’s range. This is not surprising, since LAC does not make any money and carries over $230 million in liabilities. However, I believe that LAC share price has the potential to make an exponential run over the next 5 years.
The bearish case.
Before...
Tagging on to my previous posts I have made on this one. The 4 hour chart is shaping up nicely for a pull up. Whether this is a short term or long term, I am bullish on this one as a lithium play
Short term Trade Plan:
- Bounce off of the 22 zone or 19 zone.
- Need to find a MACD Cross move which looks like it is gearing up for this coming week
- August 4th is the earnings announcement which Wall street expects a 12.5% improvement over last earnings.
- Looking to capture a 5-10% move this coming week.
Long Term Trade:
Although I have day traded the...
NYSE:LAC
LAC with a daily breakout here
adam and eve double bottom along with a "dragon" pattern seen here as well
there is some resistance above here in between 23-25
if we do break the 25ish resistance id be looking for this thing to hit 30
thanks everyone let me know what everyone thinks of the current market conditions.
exciting if you ask me.
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....
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...
This is looking like a decent setup here after retesting the inner medium line of the pitchfork, and downward sloping trendline.
Need to see what happens today.
Looking for price to go to 41+
chances are history repeats itself like it always does in these markets :) great risk reward for longs here in my opinion. lets see what happens!
good luck, and don't forget to like and follow if you enjoy my analysis! have a great weekend <3
LAC has been in an uptrend on Daily chart since 16th march of 2020.Took a steep uptrend from 9th Aug 2021 forming a bull flag on Nov 5th 2021 which broke out on 8th Feb '22 to the highs of $39.
Triple bottom formation from 24th Feb '22 to 15th March '22 bouncing to highs of $39 again!
A pennant has formed since 15th March '22 and should break out to $39 if not more
