Get started
LITHIUM AMERICAS CORPLITHIUM AMERICAS CORPLITHIUM AMERICAS CORP

LITHIUM AMERICAS CORP

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Forecast Seasonals

WUC trade ideas

Is TSLA actually a reflation / commodity-style trade? The correlation between TSLA prices and lithium prices is remarkable (we are using the stock prices of two lithium miners with low diversification as a proxy- so more diversified Albermarle is not included - which is obviously an imperfect proxy). Movements in the price of the largest US-focused lithium miner LTHM explain 79% of the variation in TSLA's price since 2018. imgur.com (Linear Regression Analysis) A cross correlation analysis suggests no consistent lag between and TSLA. This means that current day (and current week) LTHM movement correlates best with TSLA. So it's not really TSLA driving LTHM, or vice versa. 1. Weekly returns were aggregated and compared, and the Pearson Correlation actually suggests that prior week LTHM return has some predictive value for TSLA current week returns. imgur.com The volatility of returns as a % make linear regression a sub-optimal tool to use here. We used binary logistic regression which somewhat confirmed these conclusions (71% accuracy). 2. We looked to see if variations in the 10yr yield explained variations in TSLA's stock price (making TSLA more like a tech company) and perhaps then affected lithium producers downstream. We found that, prior to 2020, the Pearson correlation between TSLA and TNX was positive (0.36); in early 2020, it was negative (-0.42 yields fell and TSLA rose out of the March lows) and, since August, strongly positive (0.86). I included a more traditional tech company (AMZN) for comparison which clearly has a negative relationship with 10-year yields throughout nearly all periods. 3. The visual chart shows a number of continuation patterns ("pauses") since the March 2020 lows. In most instances, TSLA and LTHM corrections & consolidations occur simultaneously, and in the vast majority of instances, LTHM topped slightly prior to TSLA. 4. All 3 assets show hammer reversal-type patterns within falling wedges that are quite similar to many previous iterations that resolved bullishly. Until further notice, TSLA, LTHM, and another US-based lithium producer (LAC) appear to be ending yet another falling wedge pattern to reverse to bullish upside. And, thus, I am cautiously bullish on all 3. However, for me, LTHM's breakout appears slightly stronger than that of the other two, so I consider it the preferred trade. LAC could be the highest upside trade of the 3 given its outperformance of the other two since the March lows.
NYSE:LACLong
by dtingbudong
2
Tesla's Overuse of Lithium Batteries Could Make This SoarTesla has been using lithium batteries like crazy, and that could mean that they will start needing to purchase more lithium. They are currently in a deal with a Chinese company for this, but If they start needing more (which they will), they will have to start buying from smaller companies like Lithium Americas. They are quite a safe investment, a stable company with decent profits and income, so its a good idea to buy for long term. Good Luck!
NYSE:LACLong
by Investor4321
1
LAC 08-02-2021 LongAsset and Time frame -LAC,1H,4H Entry Price -20.80 Exit(Stop Loss) -19.58 Exit(Take Profit) -25.10, and another at 27.65 Technical Analysis -Price was completing an impulsive wave on the daily, and now finished making a small correction to resume the uptrend, price was moving sideways until it reached a bearish trend line, which the price broke with a decent amount of momentum on the hourly chart, the price has failed to reach oversold on the 1H chart, and on the 4H price has closed above the 100 MA. I would like to hear your opinions and what can I do to improve, many thanks
NYSE:LACLong
by Avirany
Analysis request: LAC bullish above 20.89LAC has broken the supply line coming off the highs of 28.72 We found support at 17.71 and again above 19.76 If we can break above 20.89, first target would be 24.76, and ultimately a retest of the resistance at 28.72 If we break support to the downside, there isnt much underneat us til we can to the bottom of the green range. Bullish divergence on the RSI but id like to see it above 60, with volume picking up as well. as we approach 20.89
NYSE:LACLong
by TradingNomadic
LAC 30-12-2020 LongAsset and Time frame - LAC,1H Entry Price -12.45 Exit(Stop Loss) -11.71 Exit(Take Profit) -15.91 Technical Analysis -First, waiting for the hourly candle to close above 12.35. The stock has made a significant move from the bottom support line with a strong volume, price then retraced a bit to the 0.382 level making a confirmation C level, price breached on the 15 minutes level a 3 touch trend line I would like to hear your opinions and what can I do to improve, many thanks
NYSE:LACLong
by Avirany