LAC
LAC potential breakout This is a strong sector for the future, the technical set up is nice and ready to move out of the resistance area. The volume and MACD show buy, weekly looks good. Do your research. The risk if followed is around $3 per share
LAC (Lithium is bullish) 130% targetThis may take some time (4-6 months or so) but Lithium is bullish everywhere, including uses by $TSLA,
No stop loss here but if you prefer at the previous swing low
130% potential max gain
Red lines are potential targets
Good luck
LITHIUM: potential long opportunityLithium Americas Corp.
Technically, long opportunity with possible double bottom. Lithium price is very volatile, still no futures as of yet. LME still working it out www.lme.com
Fundamentally there is talk of possible oversupply.
This chart is for the Toronto Stock Exchange. Stock also available against USD on NYSE.
/* Trade at your own risk please. */
200-day Mansfield relative strength index for stage analysisAs per Stan-Weinstein's book The Secretes for Profiting in Bull and Bear Markets, 200-day Mansfield relative strength index is an important indicator to determine the stage of a stock. The basic calculation is using the close price of the subject stock and close of a benchmark index using the following formulae:
a - subject stock
b - benchmark index
SMA (x, p) - simple moving average of x over the period of p
MRSI200 = (( a.Close / b.Close ) / SMA (a.Close / b.Close, 200) - 1 ) * 10
Strong bullish sign on LAC. Consider entering on its pull back in the range of 1.3 - 1.5.
