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Lithium Americas Corp.Lithium Americas Corp.Lithium Americas Corp.

Lithium Americas Corp.

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LAC trade ideas

Updated LAC AnalysisLAC is continuing to hold its rising wedge pattern. It looks like sometime in the next 1-2 weeks it will break to the downside and probably touch the 25 DMA. Options are limited for LAC, but I'll be purchasing OCT15 $22.5 Puts when the price starts to get crunched at the top of the wedge. I'm predicting around +125% profit on these options and my confidence level is high: any rising wedge pattern generally has a 2/3 chance of breaking downward, but the RSI and volume divergences along with the lithium price rally that has been the main reason behind this last month's price action cooling off all point toward a clear correction. I guess we'll see.
NYSE:LACShort
by seanadamsmithemail
LAC targetsLAC has been printing a very bullish pattern in the chart Like in my previous post, it forms a double bottom and expected to hit $25 - which now is almost hitting. The daily candles has bene bullish and it's expected to break the resistance at $25. So what's next? being bullish on this stock, the next target is $37.How do I arrive at this price? Usually it takes time for the chart to take a more reassuring pattern. Now it's actually forming a rounding bottom, it's might do a parabolic upward trend in price. For a rounding bottom, usually I will take the lowest and the highest price of the round bottom, and using exactly the similar percentage of gains of that to estimate the next target price. The RSI looks really bullish and the volume is increasing. If it fails to surpass the resistance, it might retrace to $20 and begin its upward movement.
NYSE:LAC
by V12bull
3
A Pullback for LAC Is LikelyLAC is likely to revert to the 25 daily moving average for the following reasons: 1. The stock has gained nearly 40% in the last month with no major correction. Even though it has largely been mirroring the rise in Lithium futures, this rate of growth is unsustainable. 2. The daily price chart shows a very clear rising wedge pattern accompanied by both volume and RSI bearish divergence. 3. Aside from any TA patterns, the RSI has been hovering around 70 for the last couple of weeks which signals the stock is overbought. 4. The max pain price is roughly $17.50 for both Sept 17 and Oct 15 options which would suggest a correction will happen soon. In the rising wedge pattern, there isn't much time left. My position is PUT options on Oct 15th at the 22.5$ pricepoint (marked by the red line).
NYSE:LACShort
by seanadamsmithemail
ABC BullishPrice is outside the top bollinger band set on an 80 SMA verse 20. This exhibits extreme buying pressure and often overbought status. Price eventually returns to the bands as a rule. ABC bullish. Possible stop under C or last pivot low. ABC is a common corrective pattern and the target is D. Golden cross when the 50 SMA crossed up and through the 200 SMA. Looks like a cup is trying to form. No recommendation. Negative volume is high showing smart money interest. I am not sure they are smarter than we are, LOL, but you know what I mean. A lot of momentum at this time. Long entry level can be crucial, and more so if a swing trade or a longer term investment. Having a plan for each trade can be important. If you do not have a plan, then what on earth do you do when things do not go your way? (o:
NYSE:LAC
by lauralea