LACD trade ideas
Lithium Americas Most recent Earnings have proved that for the first time the company has been somewhat profitable, Thacker Pass project has been under fire due to scrutiny about some native lands. I hope that the Biden administration is on the side of Lithium Americas to help them develop and further the supply of EV batteries for EV vehicles like Tesla and perhaps other uses.
Thacker Pass Project important.
LAC bullish trendlineAs you can see in the chart, LAC, Lithium Americas Corp., a company that explores for lithium deposits, has formed a bullish trendline.
We indeed might see a $40 spike in price like Cowen brokerage predicted.
LAC about to jump higher before the March stumble?Based on historical movement, the trough could occur anywhere in the larger red box. The final targets are in the green boxes. The pending top should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated BUY on March 4, 2022 with a closing price of 24.973.
If this instance is successful, that means the stock should rise to at least 25.11 which is the bottom of the larger green box. Three-quarters of all successful signals have the stock rise 3.579% from the signal closing price. This percentage is the bottom of the smaller green box. Half of all successful signals have the stock rise 8.399% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock rise 17.491% from the signal closing price which is the top of the smaller green box. The maximum rise on record would see a move to the top of the larger green box. These are the same concepts for the levels in the red boxes as well.
The ends/vertical sides of the boxes are determined in a similar fashion. The peak of the rise can occur as soon as the next trading bar after signal close, while the max rise occurs within the limit of study at 50 trading bars after the signal. A 0.4% rise must occur over the next 50 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 6 trading bars; half occur within 21 trading bars, and one-quarter require at least 40 trading bars.
The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement.
As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).
Falling Wedge- Bullish - UpdateBig falling wedge on LAC here- Played the last run-up when it was setting up very similarly to how it is now. Clean Bullish hammer bouncing right off the 200-day EMA, some bullish hidden divergence on the RSI, MACD golden cross. 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
- Falling Wedge
- MACD Golden Cross
- Hammer off of the 200-day EMA
- Bullish Hidden Divergence on the RSI
PT1- $25.89
PT2- $26.94
PT3- $27.38
PT4- $30.53
--Previously Charted--
Long LAC 11/02/2022Asset and Time frame -Daily,LAC
Entry Price -28.86
Exit(Stop Loss) 27.30
Exit(Take Profit) -33.06
Technical Analysis - Price breached a trend line with suttle volume and is now with collision with the 100DMA +4H MA, on the 4H chart price reached overbought on the RSI, for those who want a safer entry, wait for the daily candle to close above the 100MA
Good Luck
LAC - Technicals Suggest Imminent Double BreakoutPrice is in a descending channel on 15M charts, a channel which will likely resolve upwards. A double bottom (from a shorter term perspective) has also been formed, suggesting that price will continue to appreciate up till $27.50. On the 4H charts, price has been stuck in a falling wedge for several months and is currently close to breaking out of that huge consolidation as well. Look to enter long on the break of the resistance of this channel (around $26.50) and use a tight trailing stop to limit losses. Trim at $27.50; if we break past $29 (a level of strong resistance) and out of the long-term falling wedge, we could see a more significant appreciation in price. PT#2 is at $41.50 where strong resistance has previously come in.
$LAC Analysis, Key levels & targets $LAC Analysis, Key levels & targets
Request for @HannahN1512
So LAC is just sitting perfectly on the 35EMA… Believe it or not, this would be a level to add, if you have a long position… and if it breaks below the red line, I would be targeting 16.87 to add. (And there’s two other support levels below that could be add levels here. Nice profit margin in this chart for sure, it’s been a while since I’ve looked at LAC so thank you. Only add at support levels, and have fun…
I'm labeling this short because I think overall market moves will bring this a little lower but I can see this going either way - so just be prepared for whatever happens. ☺️
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I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence.
I am not a bull. I am not a bear. I just see what I see in the charts and I don’t pay too much attention to the noise in the news.
If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can. (If I have time)
Have fun, y’all!!
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( •_•)
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LAC - ShortMaking lower lows and lower highs. Looking to complete this 5 wave down sequence closer to 19.60-22 area.
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!
