LAC - Lithium is close for a reversal
Lithium Americas is a pure-play lithium producer. The firm owns one resource, Thacker Pass, that is located in northwest Nevada. Thacker Pass recently began construction and is expected to begin production in the mid- to late 2020s. Thacker Pass is one of the largest known lithium resources in the world. The project would be the first clay-based asset to enter production, and we estimate it will be in bottom half of the global cost curve. Management plans to develop Thacker Pass into a fully integrated lithium production site, with downstream refining capabilities on site, and will sell into the lithium chemical market.
Lithium has experienced a prolonged downphase, but a potential reversal is anticipated soon. This stock is viewed as a mid- to long-term hold.
Key Technical Levels:
Breakout Zone: $2.9 - 3.0
Action: If the stock breaks above this range with strong volume, it might signal a continuation of the upward trend.
Resistance Points:
$3.80
$4.50
$5.70
$6.50
$7.60
Surpassing these levels could signal a positive trend. Consider taking profits at these stages to realize gains.
Trading Strategy:
Take Profit (TP): Target 5.0 or at 10.80 to capitalize on the anticipated price gap closure.
Stop Loss (SL): Set at under $2.50 to mitigate potential losses.
Chart Analysis:
Please refer to the attached chart for detailed analysis of price trends and movements.
Trading Advisory:
Exercise caution and consider market conditions and your own risk tolerance when trading. It's advisable to conduct comprehensive research or consult with a financial advisor before engaging in trading activities.
Disclaimer: This content is for informational purposes only and should not be considered financial advice.
Lithium has experienced a prolonged downphase, but a potential reversal is anticipated soon. This stock is viewed as a mid- to long-term hold.
Key Technical Levels:
Breakout Zone: $2.9 - 3.0
Action: If the stock breaks above this range with strong volume, it might signal a continuation of the upward trend.
Resistance Points:
$3.80
$4.50
$5.70
$6.50
$7.60
Surpassing these levels could signal a positive trend. Consider taking profits at these stages to realize gains.
Trading Strategy:
Take Profit (TP): Target 5.0 or at 10.80 to capitalize on the anticipated price gap closure.
Stop Loss (SL): Set at under $2.50 to mitigate potential losses.
Chart Analysis:
Please refer to the attached chart for detailed analysis of price trends and movements.
Trading Advisory:
Exercise caution and consider market conditions and your own risk tolerance when trading. It's advisable to conduct comprehensive research or consult with a financial advisor before engaging in trading activities.
Disclaimer: This content is for informational purposes only and should not be considered financial advice.
Trade closed: stop reached
my entry was too early- SL hit
But now i see reversal coming - keep an eye on
Note
booom lets gooo
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join Discord channel:
whop.com/marketplace/contingent-traders/
contingenttrader.com/
whop.com/marketplace/contingent-traders/
contingenttrader.com/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.