LAC - ShortMaking lower lows and lower highs. Looking to complete this 5 wave down sequence closer to 19.60-22 area.
Trade ideas
Perfect Short OpportunityLooks like we just finished the 9 year uptrend with a 5 wave move and even can see a classic throwover associated with rising wedges. Very nice. I just saw an advertisement for this company funny enough and this looks really overextended.
Yes there will be a higher future demand for Lithium but the stock has gotten ahead of itself. This will pullback hard almost without a doubt, and I'm saying we are correcting for the uptrend since 2013 so this is pointing to a deflationary crash actually... once this correction is over though, this stock may be an AMAZING play to go long. The next 10 year bull market will hold explosive upside for this stock once the deflationary correction finishes here.
LITHIUM HYPE. CHAMATH. WHY I SOLD. WHEN TO BUY.My opinion on lithium stocks right now. dyor. lithium market is predicted (by some) to grow 10x over next 10 years.
LAC Another beaten down name that could benefit from a surge in EV's would be LAC. This company engages in the production of lithium. Testing a big previous breakout area in the $25 range. Really just depends on overall market sentiment on Electrical Vehicles imo. With LCID's share holders being unlocked soon i feel like that could be a moment to watch to see if investors want to keep their shares or move onto something new, that could have a big effect short-term on what Investors think of EV's. IF they run this should follow. Also to mention showing divergence on the Williams VIX-FIX.
Lithium Armericas Corp. Long interestLooking at the 17ish zone for a while now.
Pt´s would be at 20.5 and 24
$LAC Power of 3 Breakout!$LAC I'm catching this late in the day but, I like the action. Today's move puts this over the 10 and 20 EMAs as well as busting up and thru the 50 DMA for a Power of 3 move. The EV's have been doing well lately and of course they need batteries... Volume is heavy to confirm the breakout. I'll be looking to add on any small pullbacks but I think this may just run right up to previous highs. All TBD. Ideas, not investing / trading advice. My entry and stop is on the chart. Running stop a little tight with the market action.
🌹big resistance has been hit! ⍼LAC just saw its 3rd big rejection at this strong trendline resistance area, not a good sign if you are a bull here!
under the 27.7 support we can target 25.47-20.16 before a potential bounce play.
Goodluck! like and follow for more 💘
LAC Wedged OutLAC looks about prepped to break from another wedge on the daily chart, with a nice bullish hammer on the 0.618 Fib level. Looks almost ready for another leg up, IMHO.
Just my personal opinion, not to be taken for investment advice!
LAC DaytradeUsing the Strat, I've identified a potential reversal on the 4hr time frame.
There's a potential 3-2d-2u bullish reversal and it's also in a buy zone. If the entry point is hit for the put we'd have a continuation (2d - 2d).
If you are not familiar with the Strat and the candle numbers, check out this video .
This is not financial advice. Always do your own DD.
LAC IS FORMING A BULLISH PENNANT IN THE WEEKLY CHARTAfter setting up the new ATH at 36.49 recently, LAC is going through a healthy pullback before the next run up. The weekly chart shows it is forming a bullish pennant with a possible retesting SMA 20 AT 30.20 and the previous ATH at 28 .71 (last January).
It is also forming a trend line support (the bold blue line). If it holds, we can expect a breakout towards $49-50
This is my idea, which could be 100% wrong. Please do your DDs before entering the trade.
Lithium stocks are the fattest pitch in the investment world today.
Lithium is underpinning the biggest energy revolution in history. Simple number crunching makes it impossible to not be long-term bullish on lithium. Globally, there are 1.4 billion cars on the road today. Currently only 10 million of them are electric cars. Electric cars have a rounding error of a rounding error in terms of market share. That is going to change, and it is going to change fast.
Governments across the world have banned the sale of combustion engine vehicles within a decade. All of the major automakers are betting their future on electric vehicles. Lithium stocks including LAC are good investment for long term.
It is a fact that hundreds of millions of electric cars will be hitting the road. All of those cars are going to be using lithium-ion batteries.
Lithium Americas Corp. operates as a resource company in the United States. The company explores for lithium deposits. It owns interests in the Cauchari-Olaroz Project located in Jujuy province of Argentina; and Thacker Pass project located in north-western Nevada. The company was formerly known as Western Lithium USA Corporation and changed its name to Lithium Americas Corp. in March 2016. Lithium Americas Corp. was incorporated in 2007 and is headquartered in Vancouver, Canada.
2021 Actual Trade LAC +56% Profits from uptrend and baseNotice the strong uptrend and short consolidation base
11/7/21 LACLithium Americas Corp. ( NYSE:LAC )
Sector: Consumer Non-Durables (Beverages: Non-Alcoholic)
Current Price: $32.67
Breakout price trigger: $30.00 (hold above)
Buy Zone (Top/Bottom Range): $31.80-$28.00
Price Target: $39.20-$41.00 (1st)
Estimated Duration to Target: 33-37d (1st)
Contract of Interest: $LAC 12/17/21 40c, $LAC 2/18/22 40c
Trade price as of publish date: $1.45/contract, $3.00/contract
LAC: Ascending Triangle (92%) Cup'n Handle (50%)Update on LAC confirmed ascending triangle on the daily chart. Price target on daily chart is still 49$.
Added a confirmed Cup'n handle graph on the weekly showing a possible target price of 36.40$ (Top right graph).
Caution: The S&P Material sector is running into resistance (551.50$) on the Weekly chart (Bottom right graph). If the sector can break through this resistance, LAC will have a better chance of hitting both daily and weekly targets. If the sector does not break through resistance, LAC could reverse and go lower.
Stay humble, have fun, make money!
LAC: Ascending Triangle (93%), WeeklyThis lithium ressource stock, like many energy and ressource stocks, is building into a pretty nice ascending triangle on the weekly chart.
Not confirmed yer but may confirm next week.
If confirmed:
Price Target = 49.09$
Stay humble, have fun, make money!
$LAC Cup and Handle trade continuationWe had a nice run from 13$ on a previous trade here on LAC, but with the bullish engulfing confirmation here today and the cup and handle structure implying a measured move of $37, i think we might have another move on our hands here. Eventually.
Break over the 30 Week Moving Average. Arc its way up to $28If the Arc holds true, possible $28 by 2022 NYSE:LAC
LAC It seems LAC has formed a cup and handle pattern. I like to buy it around 26 with a stop loss at 24.5. my tp is 28.
$LAC Textbook Cup & HandleI'm long here. Breakout retest with nice bullish confirm so far...
Given $24.5 holds, calculated move to upside $30 PT . Earnings upcoming could send it. Let's see how price action looks next week. Lithium, EV, Uranium, precious metals all in for a Q4 run it looks like.
Regardless, from a technical perspective this is text book Cup and Handle and I'm excited to see if chart plays out :)
Updated LAC AnalysisLAC is continuing to hold its rising wedge pattern. It looks like sometime in the next 1-2 weeks it will break to the downside and probably touch the 25 DMA.
Options are limited for LAC, but I'll be purchasing OCT15 $22.5 Puts when the price starts to get crunched at the top of the wedge. I'm predicting around +125% profit on these options and my confidence level is high: any rising wedge pattern generally has a 2/3 chance of breaking downward, but the RSI and volume divergences along with the lithium price rally that has been the main reason behind this last month's price action cooling off all point toward a clear correction.
I guess we'll see.
LAC UpdateIf you stayed in this one with me - congrats! I am out as of now. This was a great run, great company, everything about this stock screams to the moon but I can always rebuy it on the red.
Knowing what you own makes it a lot easier holding it through the chopper.
