LAC trade ideas
Bull flag Bounce off the major trend line back in the amending channel. Bull flag representing accumulation before major breakout. First pt shown with measured move.
LAC - looking strong, but need more confirmationWould go long after 12.5 without second thought. Last bar volume supports further uptrend.
buy @ 9.7ok, ill admit something here, I've bought a little early, desperate times, what can I say.. so the plan is to buy heavy @ 9.7 ish, then sell 12.23ish..
Stifel analyst with a buy rating and $13.25 price targetThe miner of material for batteries received some positive analyst coverage Tuesday night, with a price target still above where shares closed today.
Yesterday, Stifel analyst Anoop Prihar initiated coverage of Lithium Americas with a buy rating and $13.25 price target. That represents another 7% potential on top of today's bounce.
The latest coverage comes as the Canadian miner continues to advance development of lithium projects in Argentina and in Nevada.
The Stifel analyst cites its growth in those projects as a move toward becoming one of the largest global lithium suppliers. Though Prihar says that the stock offers "attractive upside potential" from its growth strategy, investors should note that the Nevada project won't be operational until at least 2024.
But the Thacker Pass project in Nevada should reinforce the battery supply chain domestically . In October, President Trump signed an executive order declaring a national emergency in the mining industry , saying it was "particularly concerning" that the United States imports 80% of its rare-earth elements directly from China.
The order also stated that the "United States must broadly enhance its mining and processing capacity." Long-term investors are looking to companies like Lithium Americas to supply those needs.
www.fool.com
Lithium Americas earned $0.07 in the third quarter, compared to $0.06 in the year-ago quarter.
LAC let's look behind the graph.LAC let's look behind the graph. In recent weeks, the Trump administration has been working to advance large-scale mining and energy projects in federal territories whose investors want to ensure the projects progress even after President-elect Joe Biden takes office, the New York Times wrote. A mining project is also awaiting direct action by the Trump government: In the Nevada region, Canadian-based Lithium Americas (LAC) plans to build one of the largest lithium mines on Earth on 2,500 acres of federal land managed by the Office of Land Management.
Lithium is a vital component of plenty of batteries, including cell phones and electric cars, but almost none are manufactured in the United States. The Interior Ministry put the matter among the projects put on an “accelerated track” in July and is scheduled to take the final steps in early January to begin construction of the mine soon. But let's look at the technical picture. From the price movement of the LAC, it appears that the time has come to build another rising fractal. The correction size of the wave sequence seen in the current fractal corresponds exactly to the correction size of the previous fractal wave sequence (red square). Based on this assumption, the next long-term target price can be set around 40usd.
LAC 15-12-2020 LongAsset and Time frame -LAC,4H
Entry Price -Waiting for the 4H candle to close above 9.61 and then I enter
Exit(Stop Loss) -8.81
Exit(Take Profit) -12.35
Technical Analysis -Price has reached a significant daily support line, price is sitting ON the 100 daily MA, also price made an ABCD pattern on the Fibonacci level, and a bullish engulfing pattern on the -61.8 level
I would like to hear your opinions and what can I do to improve, many thanks
LAC.TO just learning and testingUsing a 240 wma to establish trend and 21 day Hull moving average for signal. If trend (wma) is rising buy next day open when price closes above 21 day Hull moving average.
Comment with your thoughts all comments welcome and appreciated
$LAC - a lot of resistance at $10.50Not looking to get rich but riding this one up to resistance to make a few bucks. Will watch how it does at resistance and watching if it breaks the down trend
Low risk strategyI'm adding more today as we are trading close to the trendline. For new entries to consider a stop at 10.1. Stock has been falling on low volume. I'm bullish.
$LAC$LAC
I was wanting to do this right away today but it jump too fast so hoping for a small pull back.
Double bottom bounce
Consolidation
Pennant formation
Bounce off the 200SMA.
Supported by a 180 day trend
Price channel.
Let’s see what happens!
“I’m not an expert but I have watched a lot of youtube videos.”
NYSE:LAC
NYSE:LAC long idea!!NYSE:LAC long idea!!
correction scan (1)
mov = 20>50>200
* pull up up
* vol up
* adx up
LAC Long IdeaEV cars and chargers have rocketed. Is it time for EV battery suppliers to move? LAC looks good technically. It may have finished Wave 2 and getting ready to start Wave 3, RSI is rising, and broke out of a falling wedge.
$LAC Lithium Americas Corp Potential Day trade Above Fibs
Potential breakout trade in LAC as the stock reverses with the the surge in EV's
stocks and the Biden Promised land. lol.
Alert set for break above Fib dead cat bounce level 0.382.
Moving averages converged to squeeze the stock.
RSi crossed Mid Point.
MACD also
Entry if volume increases with first target $13.10.
Fibonacci golden pocket $24.00
