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LAC

LAC & GM Team Up for Thacker Pass! Here I have NYSE:LAC on the Daily Chart! NYSE:GM plans to contribute $625 Million and seeks to claim 38% of the Joint Venture! This remarkable announcement this week seen the Price of NYSE:LAC hit 4-Month Highs after Breaking Above the Falling Resistance that was keeping it down. The rally seems to be tamed by the Resistance Level and Low that was created in February but is now testing the Break of Falling Resistance for potential Support to keep pushing Price Higher! If Price can Push through this area, we could see Price make a move for the Gap @ ( 4.9 - 6.37 ) then find Strong Resistane @ ( 6.83 - 7.65 ) Indicators: - Price will need to test the 200 EMA in $4 range - RSI is Above 50 (Bullish) - Strong Bullish Volume with Breaking Candle suggests Valid Break - BBTrend Printing Green Bars
NYSE:LACLong
by Novi_Fibonacci
1
Lithium Americas ($LAC) Closed $4.73 on Friday's Session up 1.5%Lithium Americas ( NYSE:LAC ) has recently announced that it will raise $275 million to accelerate the development and construction of the Thacker Pass lithium project in Nevada. The company will offer 55 million shares for $5 per share, just a month after the US government disclosed its plans to lend $2.26 billion to support the project. The Thacker Pass lithium project is expected to reach its full capacity in 2028, with an anticipated production of 80,000 metric tons per year. Lithium Americas ( NYSE:LAC ) aims to extract lithium from a large clay deposit at Thacker Pass, which has never been done before at a commercial scale. The loan from the US government is a significant part of the Biden administration's strategy to reduce reliance on China for lithium supplies. The mine is expected to commence operations later in the decade and will play a crucial role in supplying General Motors. In a statement, Vancouver-based Lithium Americas ( NYSE:LAC ) revealed that the underwriters of the public offering would be granted a 30-day option to purchase up to an additional 8.3 million shares. Lithium Americas' US-listed shares closed at $6.63 on Wednesday, with post-market trading seeing a 19% drop. However, before the market closed on Friday, the stock surged 1.5%, setting the stage for a promising start during Monday's trading session. The stock's recent crash could be attributed to two major factors. Firstly, the price of lithium has plummeted in recent months due to concerns of oversupply. Secondly, there is evidence that the demand for electric vehicles is on the decline. Many vehicle dealers in the US have reported that EVs are not selling as quickly as they did before, leading them to focus on Internal Combustion Engine (ICE) vehicles. On a positive note, Lithium Americas ( NYSE:LAC ) has completed a spin-off of its operations into two separate companies: Lithium Argentina and Lithium Americas. This decision enabled the company to streamline its operations. The company has also made a significant discovery in Nevada, which is set to become the largest lithium mine in the United States by 2026. It is currently developing the mine with the support of the Biden administration, which has agreed to provide $2.26 billion. Investors of Lithium Americas ( NYSE:LAC ) believe that the company stands to benefit from the ongoing energy transition. As an American company, it will also profit from the favorable terms offered by the government through the Inflation Reduction Act (IRA). However, there are still risks to this belief, particularly with the current era of lithium abundance. Countries like Australia, Chile, Argentina, China, and Brazil are all boosting their lithium production, with more countries expected to enter the market, resulting in oversupply. The daily chart indicates that the NYSE:LAC share price hit its lowest point at $3.80 in February before rebounding to $7.73 this month, where it formed a double-top pattern. Currently, the stock has dropped below all moving averages and the 23.6% Fibonacci Retracement level, forming a down-gap. Therefore, it is likely to continue falling as sellers aim for the critical support level of $3.80, marking its lowest level for this year.
NYSE:LAC
by DEXWireNews
Lithium Americas (NYSE: $LAC) Plummeted 29.71% The stock price of Lithium Americas (NYSE: NYSE:LAC ) has experienced a sharp decline, plunging by over 27%, marking its biggest single-day drop since April 2022. This decline follows the announcement of a new fundraising plan by the company. Lithium Americas ( NYSE:LAC ) has been under significant pressure for some time, and as a result, its stock has plummeted by over 81% from its all-time high in November 2021. This sharp decline in stock price coincides with two principal events. First, the price of lithium has taken a severe hit in recent months due to oversupply concerns. Second, there are indications that the demand for electric vehicles is on the decline. In the United States, many vehicle dealers have issued warnings that EVs are not selling as fast as they were previously. Consequently, many dealerships have shifted their focus back to Internal Combustion Engine (ICE) vehicles. One positive development for Lithium Americas is the completion of a spin-off of its operations into two companies: Lithium Argentina and Lithium Americas ( NYSE:LAC ). This strategic move has enabled the company to streamline its operations. Additionally, the company has made a significant discovery in Nevada, which will become the largest lithium mine in the United States by 2026. The mine is currently being developed with the assistance of the Biden administration, which has committed to providing $2.26 billion. However, the decision by Lithium Americas' management to raise $275 million to fund the development of the Thacker Mine in Nevada has resulted in a significant decline in the stock price. This move will dilute the shareholding of current investors. Despite this, Lithium America's investors remain optimistic that the company will benefit from the ongoing energy transition, and as an American company, it will enjoy favorable terms offered by the government through the Inflation Reduction Act (IRA). Nevertheless, the current lithium abundance era presents risks to this optimistic outlook. Countries such as Australia, Chile, Argentina, China, and Brazil are all increasing their lithium production, with more countries expected to join the market, leading to an oversupply. In terms of the stock price forecast, the Monthly chart shows that the NYSE:LAC share price hit a low of $3.80 in February, bounced back to $7.73 this month to form a double-top pattern, and has since fallen below all moving averages . The stock has formed a down-gap . As a result, it is expected to continue falling as sellers target the key support at $3.80, its lowest level this year.
NYSE:LACShort
by DEXWireNews
1
U.S. Approves $2.26 Billion Loan for Nevada Lithium PlantThe Biden administration has greenlit a record-breaking $2.26-billion loan for Lithium Americas Corp., ( NYSE:LAC ) propelling the development of a Nevada lithium deposit—the largest of its kind in the United States. The loan, extended by the U.S. Department of Energy, represents a significant milestone in efforts to advance sustainable energy infrastructure and reduce dependence on foreign sources of lithium—a crucial component in electric vehicle batteries, solar panels, and wind turbines. Lithium Americas Corp., ( NYSE:LAC ) announced that the substantial loan will primarily fund the first phase of development, marking a pivotal moment in the company's journey to harness the potential of the Nevada lithium deposit. The project, spearheaded by the company's subsidiary, Lithium Nevada Corp., ( NYSE:LAC ) will see the construction of a state-of-the-art lithium carbonate processing plant adjacent to the Thacker Pass mine—a project valued at $2.2 billion. With General Motors Co. investing $650 million in Lithium Americas, the Nevada lithium project is poised to become a cornerstone in the supply chain for electric vehicle manufacturers. As the automotive industry transitions towards electrification, securing a reliable source of lithium is paramount to meeting growing demand for sustainable transportation solutions. The loan, described as the largest-ever to a mining company by the DOE's Loan Programs Office, underscores the government's commitment to bolstering domestic production of critical minerals. President Biden's climate agenda, coupled with increased focus on renewable energy, has catalyzed investments in projects like the Nevada lithium plant, positioning the United States as a global leader in sustainable energy technology. Moreover, the loan comes amidst a broader push to revitalize the American manufacturing sector and create high-quality jobs in clean energy industries. By supporting projects like the Nevada lithium plant, the Biden administration aims to foster economic growth while addressing climate change and promoting energy independence. Technical Outlook NYSE:LAC stock is trading with a moderate Relative Strength Index (RSI) of 67 indicating a moderate bullish trend. Prior the news on the approval of the loan, NYSE:LAC surged by 9.16%.
NYSE:LACLong
by DEXWireNews
BATT an ETF for Lithium / Battery Technology LONGBATT here is on a daily chart with a demand /support zone and resistance. supply zone both drawn in along with a long-term volume profile showing the POC line at the top of the latter zone. A triple Bollinger Band is overlaid showing price currently two standard deviations below the mean VWAP which is more or less horizontal with little slope The ZL MACD lines crossed one week ago and are upgoing about the same time as the 3H RS line bottomed and reversed while the longer TF 7D RS line stays horizontal just below the 50 level. Overall, I see that the BATT price will rise targeting the supply zone above which is about 15% upside or more. I will take a long trade here with the first target the midline of the Bollinger Bands and the second target the flat top of July 12 through 30, a strong resistance level. This is a safe trade while the general market gets figured out. This is akin to selling picks and axes at the Gold Rush of 1849.
AMEX:BATTLong
by AwesomeAvani
2
Unlikely Lithium Americas (NYSE: $LAC) Will Get Much Cheaper! 💯Lithium Americas Corp. operates as a resource company in the United States and Argentina. The company explores for lithium deposits. It owns interests in the Cauchari-Olaroz project located in Jujuy province of Argentina; Thacker Pass project located in north-western Nevada; and Pastos Grandes project located in the Salta province of Argentina. 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 Bullishcharts
4
LAC about to jump higher before the March stumble?Based on historical movement, the trough could occur anywhere in the larger red box. The final targets are in the green boxes. The pending top should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated BUY on March 4, 2022 with a closing price of 24.973. If this instance is successful, that means the stock should rise to at least 25.11 which is the bottom of the larger green box. Three-quarters of all successful signals have the stock rise 3.579% from the signal closing price. This percentage is the bottom of the smaller green box. Half of all successful signals have the stock rise 8.399% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock rise 17.491% from the signal closing price which is the top of the smaller green box. The maximum rise on record would see a move to the top of the larger green box. These are the same concepts for the levels in the red boxes as well. The ends/vertical sides of the boxes are determined in a similar fashion. The peak of the rise can occur as soon as the next trading bar after signal close, while the max rise occurs within the limit of study at 50 trading bars after the signal. A 0.4% rise must occur over the next 50 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 6 trading bars; half occur within 21 trading bars, and one-quarter require at least 40 trading bars. The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement. As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).
NYSE:LACLong
by StockSignaler
$LAC Analysis, Key levels & targets $LAC Analysis, Key levels & targets Request for @HannahN1512 So LAC is just sitting perfectly on the 35EMA… Believe it or not, this would be a level to add, if you have a long position… and if it breaks below the red line, I would be targeting 16.87 to add. (And there’s two other support levels below that could be add levels here. Nice profit margin in this chart for sure, it’s been a while since I’ve looked at LAC so thank you. Only add at support levels, and have fun… I'm labeling this short because I think overall market moves will bring this a little lower but I can see this going either way - so just be prepared for whatever happens. ☺️ —————— I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence. I am not a bull. I am not a bear. I just see what I see in the charts and I don’t pay too much attention to the noise in the news. If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can. (If I have time) Have fun, y’all!! (\_/) ( •_•) / >🚀
NYSE:LACShort
by SPYder_QQQueen_Trading
3