Long

Symmetrical Triangle - Watching closely

Updated

Watching LAC and the lithium sector closely here- LAC is currently holding a massive symmetrical triangle on the daily timeframe while holding an even larger falling wedge on the weekly timeframe (See Attached Charts Below). Additionally, LAC is sitting right on its 100-day SMA, which, is has been acting as a strong support level for quite some time. LAC's EMAs are starting to curl upwards as well (Not Pictured), accompanied with a bullish cypher harmonic pattern on the daily timeframe, and lastly some bullish hidden divergence on the RSI on the weekly timeframe. Bullish and will be looking for a breakout from this triangle (Broader Market Conditions Permitting)- Just some support and resistance levels to keep an eye on along with some RSI-based supply and demand zones in the meantime
-- Price Targets & Previous Charts Attached In Description -

PT1- $27.69
PT2- $28.56
PT3- $29.96
PT4- $31.15

--Weekly Timeframe--
https://www.tradingview.com/chart/LAC/FiRJgT8l-LAC-Weekly/

--Previously Charted--
https://www.tradingview.com/i/v6gQEYoq/
https://www.tradingview.com/i/rPENXs7b
https://www.tradingview.com/i/UpWvw7nw

Trade active

PT1 & PT2 Reached ✅

Note

jacobosiason7

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