LAC Long Term Hold Position Simple 0.886 retracement bounce trade, waiting for the confirmation of the Double Bottom DREW ALOT OF TARGETS FOR FUNSIES Longby SiadoreR111
Lithium Americas ($LAC) Closed $4.73 on Friday's Session up 1.5%Lithium Americas ( NYSE:LAC ) has recently announced that it will raise $275 million to accelerate the development and construction of the Thacker Pass lithium project in Nevada. The company will offer 55 million shares for $5 per share, just a month after the US government disclosed its plans to lend $2.26 billion to support the project. The Thacker Pass lithium project is expected to reach its full capacity in 2028, with an anticipated production of 80,000 metric tons per year. Lithium Americas ( NYSE:LAC ) aims to extract lithium from a large clay deposit at Thacker Pass, which has never been done before at a commercial scale. The loan from the US government is a significant part of the Biden administration's strategy to reduce reliance on China for lithium supplies. The mine is expected to commence operations later in the decade and will play a crucial role in supplying General Motors. In a statement, Vancouver-based Lithium Americas ( NYSE:LAC ) revealed that the underwriters of the public offering would be granted a 30-day option to purchase up to an additional 8.3 million shares. Lithium Americas' US-listed shares closed at $6.63 on Wednesday, with post-market trading seeing a 19% drop. However, before the market closed on Friday, the stock surged 1.5%, setting the stage for a promising start during Monday's trading session. The stock's recent crash could be attributed to two major factors. Firstly, the price of lithium has plummeted in recent months due to concerns of oversupply. Secondly, there is evidence that the demand for electric vehicles is on the decline. Many vehicle dealers in the US have reported that EVs are not selling as quickly as they did before, leading them to focus on Internal Combustion Engine (ICE) vehicles. On a positive note, Lithium Americas ( NYSE:LAC ) has completed a spin-off of its operations into two separate companies: Lithium Argentina and Lithium Americas. This decision enabled the company to streamline its operations. The company has also made a significant discovery in Nevada, which is set to become the largest lithium mine in the United States by 2026. It is currently developing the mine with the support of the Biden administration, which has agreed to provide $2.26 billion. Investors of Lithium Americas ( NYSE:LAC ) believe that the company stands to benefit from the ongoing energy transition. As an American company, it will also profit from the favorable terms offered by the government through the Inflation Reduction Act (IRA). However, there are still risks to this belief, particularly with the current era of lithium abundance. Countries like Australia, Chile, Argentina, China, and Brazil are all boosting their lithium production, with more countries expected to enter the market, resulting in oversupply. The daily chart indicates that the NYSE:LAC share price hit its lowest point at $3.80 in February before rebounding to $7.73 this month, where it formed a double-top pattern. Currently, the stock has dropped below all moving averages and the 23.6% Fibonacci Retracement level, forming a down-gap. Therefore, it is likely to continue falling as sellers aim for the critical support level of $3.80, marking its lowest level for this year.by DEXWireNews4
Lithium Americas (NYSE: $LAC) Plummeted 29.71% The stock price of Lithium Americas (NYSE: NYSE:LAC ) has experienced a sharp decline, plunging by over 27%, marking its biggest single-day drop since April 2022. This decline follows the announcement of a new fundraising plan by the company. Lithium Americas ( NYSE:LAC ) has been under significant pressure for some time, and as a result, its stock has plummeted by over 81% from its all-time high in November 2021. This sharp decline in stock price coincides with two principal events. First, the price of lithium has taken a severe hit in recent months due to oversupply concerns. Second, there are indications that the demand for electric vehicles is on the decline. In the United States, many vehicle dealers have issued warnings that EVs are not selling as fast as they were previously. Consequently, many dealerships have shifted their focus back to Internal Combustion Engine (ICE) vehicles. One positive development for Lithium Americas is the completion of a spin-off of its operations into two companies: Lithium Argentina and Lithium Americas ( NYSE:LAC ). This strategic move has enabled the company to streamline its operations. Additionally, the company has made a significant discovery in Nevada, which will become the largest lithium mine in the United States by 2026. The mine is currently being developed with the assistance of the Biden administration, which has committed to providing $2.26 billion. However, the decision by Lithium Americas' management to raise $275 million to fund the development of the Thacker Mine in Nevada has resulted in a significant decline in the stock price. This move will dilute the shareholding of current investors. Despite this, Lithium America's investors remain optimistic that the company will benefit from the ongoing energy transition, and as an American company, it will enjoy favorable terms offered by the government through the Inflation Reduction Act (IRA). Nevertheless, the current lithium abundance era presents risks to this optimistic outlook. Countries such as Australia, Chile, Argentina, China, and Brazil are all increasing their lithium production, with more countries expected to join the market, leading to an oversupply. In terms of the stock price forecast, the Monthly chart shows that the NYSE:LAC share price hit a low of $3.80 in February, bounced back to $7.73 this month to form a double-top pattern, and has since fallen below all moving averages . The stock has formed a down-gap . As a result, it is expected to continue falling as sellers target the key support at $3.80, its lowest level this year.Shortby DEXWireNews111
U.S. Approves $2.26 Billion Loan for Nevada Lithium PlantThe Biden administration has greenlit a record-breaking $2.26-billion loan for Lithium Americas Corp., ( NYSE:LAC ) propelling the development of a Nevada lithium deposit—the largest of its kind in the United States. The loan, extended by the U.S. Department of Energy, represents a significant milestone in efforts to advance sustainable energy infrastructure and reduce dependence on foreign sources of lithium—a crucial component in electric vehicle batteries, solar panels, and wind turbines. Lithium Americas Corp., ( NYSE:LAC ) announced that the substantial loan will primarily fund the first phase of development, marking a pivotal moment in the company's journey to harness the potential of the Nevada lithium deposit. The project, spearheaded by the company's subsidiary, Lithium Nevada Corp., ( NYSE:LAC ) will see the construction of a state-of-the-art lithium carbonate processing plant adjacent to the Thacker Pass mine—a project valued at $2.2 billion. With General Motors Co. investing $650 million in Lithium Americas, the Nevada lithium project is poised to become a cornerstone in the supply chain for electric vehicle manufacturers. As the automotive industry transitions towards electrification, securing a reliable source of lithium is paramount to meeting growing demand for sustainable transportation solutions. The loan, described as the largest-ever to a mining company by the DOE's Loan Programs Office, underscores the government's commitment to bolstering domestic production of critical minerals. President Biden's climate agenda, coupled with increased focus on renewable energy, has catalyzed investments in projects like the Nevada lithium plant, positioning the United States as a global leader in sustainable energy technology. Moreover, the loan comes amidst a broader push to revitalize the American manufacturing sector and create high-quality jobs in clean energy industries. By supporting projects like the Nevada lithium plant, the Biden administration aims to foster economic growth while addressing climate change and promoting energy independence. Technical Outlook NYSE:LAC stock is trading with a moderate Relative Strength Index (RSI) of 67 indicating a moderate bullish trend. Prior the news on the approval of the loan, NYSE:LAC surged by 9.16%.Longby DEXWireNews8
$LAC #Lithium Americas Corp #Albemarle Corp. #Sociedad Quimica Y Minera de #Chile #Lithium Americas Corp #Global X #Lithium & #Battery Tech ETF In the midst of takeoff... the electric sector is gracefully spreading its wings. 🚀 #ElectricRevolution #SustainableFuture Longby Maximus200001
Lithium stocks extremely oversold on weekly and Has bullish DivsLithium stocks in extreme oversold spots right now, these stocks like "LAC" in my opinion is very good long-term hold with at least 400% - 560% gains in upcoming year or two. You rarely see anything as cheap as this, possible we will never see these lows again in our life times. When stocks like TSLA and other Electronics will rise Lithium stocks will skyrocket. I expect the bigger moves begin when the weather will start to get warmer as of now the EVs having trouble with their batteries dying because of the cold, this will issue will disapear in big part of the world at spring. ------------- "Lithium" is a chemical element known for its use in rechargeable batteries, particularly in electric vehicles (EVs) and electronics. Its high energy density and lightweight properties make it crucial for the advancement of battery technology. ------------ Investing in lithium stocks at extreme lows could be worthwhile for several reasons: Long-term Growth Potential: The demand for lithium is expected to surge as the shift towards clean energy and electric vehicles accelerates. This long-term growth potential could make lithium stocks attractive at low prices. Supply and Demand Dynamics: Despite fluctuations, there's a general consensus that the demand for lithium will outpace supply in the coming years. This could drive prices up and benefit companies involved in lithium production and exploration. Diversification: Including lithium stocks in a diversified investment portfolio can offer exposure to the rapidly growing electric vehicle market and the broader renewable energy sector. Technological Advancements: Ongoing research and technological advancements in battery technology could further increase the demand for lithium, potentially benefiting lithium producers and related stocks.Longby StealthSatoshi225
Oversold bounce playLAC is extremely oversold on multiple timelines but is showing early signs of bullish reversal. Over $1.1M in insider buys in the last week of trading.Longby wealth_bakery1
LAC bullish continuationHello traders, today we are looking on the price of LAC. Looking at the chart, it's clear we are at a crucial point where the direction is about to be determined. We expect the price to break out from the current pattern and head higher. It is worth noting that the price found support at weekly level, which also correspond with the golden pocket area on the Fibonacci retracement. Good luck.Longby vf_investment111120
Massive Falling Wedge Headed Into EarningsAlways keep an eye on LAC, however, I've never seen it hold within a falling wedge for as long as it has, while heading into earnings. LAC is still holding the same massive falling wedge on the daily and weekly timeframes. LAC has a nice double bottom and MACD golden cross on the daily timeframe, accompanied by a bullish cypher harmonic pattern. 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-- Longby jacobosiason7227
Not Posting My TA- just watch it go up. Tailing GMLol you gonna watch it fly like the dragonborn. i haven't even finished my DD. Tailing GM - chart is perfect. Just enjoy lil broLongby BigBancUchies331
LAC: Potential of a bullish bias toward 40 by Dec 2023LAC is likely to move toward a key level around 40 by the of Dec 2023 if stock's price holds above 19.8 mark. Longby Quantific-Solutions3311
Bullish AlertBullish ATR Alert on the hourly chart of $LAC. Waiting for a bullish crossover and a relative new high to confirm the setup and the entry.by TizyCharts0
LAC long looks towards 25.7LAC looks long towards 25.7. On SMA level buying price 24-24.5 range and looks first breaking point 25.70 Longby pvikas716953
$LAC should get to new highs...It's been consolidating inside the golden wedge. Should be targeting 45+ once it breaks out. Longby burak_tradingchannels3
$lacWent long here, solid company to carry out break in resistance over strong macro economical factors. EV Sales Skyrocketing, Production Still Limited, and Supply of Lithium Still In Demand. Longby dmjs123
LAC - Update - BreakoutHave 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-- Longby jacobosiason7Updated 779
LAC Broken trendlineNYSE:LAC Taking a look at LAC here. Breaking a trendline going back to 2020 with not much support looking left. could be in for quite the fall from here keep an eye out all you bears out there Shortby MindsetTrad3rUpdated 332
Symmetrical Triangle - Watching closelyWatching 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 are starting to curl upwards as well (Not Pictured), accompanied with a bullish cypher harmonic pattern on the daily timeframe, and lastly some bullish hidden divergence on the RSI on the weekly timeframe. Bullish and will be looking for a breakout from this triangle (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- $27.69 PT2- $28.56 PT3- $29.96 PT4- $31.15 --Weekly Timeframe-- --Previously Charted-- Longby jacobosiason7Updated 224
LAC long, target $28.50-60Dowsing this morning says to be long LAC all day. It's heading up and target is $28.50-60Longby JenRzUpdated 1
LAC (tsx) Weekly Inverse Head and Shoulders idea 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 paramount in this market, trade what you see and profits are profits even if they're small!Longby Jonny80220
Negative scenario on LACProbable model on breaking out the red line. 11 is a magic number. Shortby Njusick1
Lithium Americas and the Electric Vehicle BandwagonAfter 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 discussing the potential growth of this stock, it’s important to discuss the bearish scenario and risks for this company. The biggest risk for LAC is the environmental concerns for their Thacker Pass lithium field. Earlier in October, a federal judge delayed a hearing regarding a lawsuit opposing the lithium mine there. The judge set a new court date for January 5, and while it is unlikely to stop the mine, LAC is in the pre-production phase and has no real sustainable income, so any delay affects the cash position of the stock. The cash position of LAC is solid, with around $440 million in cash and a $75 million line of credit and a cash burn rate of around $10 million per quarter, indicating the long-term impact of any delay is minimal. If they need to raise more cash, they may liquidate some assets, this would lower the book value of the stock to below $6. The bullish scenario. There is already an enormous gap between supply and demand for lithium. Analysts forecast the demand for lithium to increase by 1,200% in the next 20 years from the current levels. The green pioneer state of California has already set a roadmap to ban the sale of new gasoline vehicles by 2035. Likely, many more states and countries will follow suit. While there are environmental concerns about the Thacker Pass mine, of which they own 100%, the push for electric vehicles will weigh heavier on the decisions of regulators. This is the largest lithium deposit in North America, so the likelihood the USA Government will leave those reserves untapped is minimal. The company is still moving forward with construction plans for the mine and plans to assist the Shoshone tribe located 40 miles from the mine. Even if there is a delay at their USA mine, they own 44% of the largest brine resource development in South America. This mine is close to completion and they expect to generate between $2.3-$2.5 billion in annual revenue with lithium at its current price range for the next 40 years. If lithium prices continue to rise, then the profit margins will experience exponential growth. Unlike some unprofitable companies, LAC does not carry much debt on its balance sheet. Their current debt is just over $200 million, with many investors choosing equity over debt. With a strong cash position and low debt, they will complete the development of these two mines in a strong financial position. When the Argentinian Cauchari-Olaroz and Thacker Pass mines become fully operational, these two mines will produce a combined 60,000–70,000 tpa. I expect over the next 5 years, even in weak economic conditions, to see LAC market capitalization rise to $30-$40 billion or a stock price of around $200-$250. Lithium powers the electric vehicle bandwagon, and Lithium Americas is poised for exponential growth in the coming years.Longby Lazy_Investing114
QuickTrade n. 75Price action is negative. Long : Looking for a test of the 21h to the 50h OR 250h Short: looking for a continuation with the 50h as resistanceby TizyCharts0