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Lithium Americas Corp.
Long

LAC - Update - Breakout

By jacobosiason7
Updated
Have 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--
https://www.tradingview.com/i/cUZHA3IB/

-- Previously Charted--
https://www.tradingview.com/i/v6gQEYoq
https://www.tradingview.com/i/UpWvw7nw
Trade active
2/17' 2/17' 20/30 Call Spreads @ 1.40
Note
✅ PT1 & PT2 Reached
Note
✅ PT3 Reached
Trade closed: target reached
✅ All Price Targets Reached
breakoutBullish PatternsChart PatternsDouble Bottomfalling_wedgehidden_divergenceTechnical Indicatorsoversoldsupply_and_demandsupport_and_resistanceswingTrend Analysis
jacobosiason7
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