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LITHIUM AMERICAS CORPLITHIUM AMERICAS CORPLITHIUM AMERICAS CORP

LITHIUM AMERICAS CORP

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LAC trade ideas

LAC IS FORMING A BULLISH PENNANT IN THE WEEKLY CHARTAfter setting up the new ATH at 36.49 recently, LAC is going through a healthy pullback before the next run up. The weekly chart shows it is forming a bullish pennant with a possible retesting SMA 20 AT 30.20 and the previous ATH at 28 .71 (last January). It is also forming a trend line support (the bold blue line). If it holds, we can expect a breakout towards $49-50 This is my idea, which could be 100% wrong. Please do your DDs before entering the trade. Lithium stocks are the fattest pitch in the investment world today. Lithium is underpinning the biggest energy revolution in history. Simple number crunching makes it impossible to not be long-term bullish on lithium. Globally, there are 1.4 billion cars on the road today. Currently only 10 million of them are electric cars. Electric cars have a rounding error of a rounding error in terms of market share. That is going to change, and it is going to change fast. Governments across the world have banned the sale of combustion engine vehicles within a decade. All of the major automakers are betting their future on electric vehicles. Lithium stocks including LAC are good investment for long term. It is a fact that hundreds of millions of electric cars will be hitting the road. All of those cars are going to be using lithium-ion batteries. Lithium Americas Corp. operates as a resource company in the United States. The company explores for lithium deposits. It owns interests in the Cauchari-Olaroz Project located in Jujuy province of Argentina; and Thacker Pass project located in north-western Nevada. The company was formerly known as Western Lithium USA Corporation and changed its name to Lithium Americas Corp. in March 2016. Lithium Americas Corp. was incorporated in 2007 and is headquartered in Vancouver, Canada.
NYSE:LACLong
by HannahN1512
2
LAC: Ascending Triangle (92%) Cup'n Handle (50%)Update on LAC confirmed ascending triangle on the daily chart. Price target on daily chart is still 49$. Added a confirmed Cup'n handle graph on the weekly showing a possible target price of 36.40$ (Top right graph). Caution: The S&P Material sector is running into resistance (551.50$) on the Weekly chart (Bottom right graph). If the sector can break through this resistance, LAC will have a better chance of hitting both daily and weekly targets. If the sector does not break through resistance, LAC could reverse and go lower. Stay humble, have fun, make money!
NYSE:LACLong
by LeLaf
9
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