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Lithium Americas Corp.
Long
Updated

LAC Long Term Play

289
Overview:
  • LAC has two large lithium projects one in North America and the other in South America
  • North America project is 100% owned by LAC and has passed final environmental impact study and expects to get major permits in Q4 (company website)
  • Trying to pick bottom of LAC retrace off Jan rally
  • Long term trade (time horizon over 12mths)

Current Trend:
  • Has been bearish since mid-January
  • 200ema is closing in on support found around $13.40

Trade Plan:
  • Slowly scale into position around when price dips below $13.40 support
    Target Profit:
    • $24.00
    Stop Loss:
    • $12.15, Use resistance pre January rally as stop loss
    Disclaimer
    Not investment advice. Thinking out loud in a crowded room.
Trade active
Avg Entry: $13.15
Trade active
New Avg Entry: $13.175
Trade active
New Avg Entry: $12.8857
Ronald_Ryninger
Checkout my free weekly market updates on substack!
ronaldryninger.substack.com
Also on:
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Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Chart PatternsFundamental AnalysisTechnical Indicators
Ronald_Ryninger
Checkout my free weekly market updates on substack!
ronaldryninger.substack.com
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.