LAC Long Term Play
Updated
Overview:
Current Trend:
Trade Plan:
- 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
- $12.15, Use resistance pre January rally as stop loss
Not investment advice. Thinking out loud in a crowded room. - $24.00
Trade active
Avg Entry: $13.15Trade active
New Avg Entry: $13.175Trade active
New Avg Entry: $12.8857
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