LAC - Lithium is close for a reversal

7月13日

Lithium Americas is a pure-play lithium producer. The firm owns one resource, Thacker Pass, that is located in northwest Nevada. Thacker Pass recently began construction and is expected to begin production in the mid- to late 2020s. Thacker Pass is one of the largest known lithium resources in the world. The project would be the first clay-based asset to enter production, and we estimate it will be in bottom half of the global cost curve. Management plans to develop Thacker Pass into a fully integrated lithium production site, with downstream refining capabilities on site, and will sell into the lithium chemical market.

Lithium has experienced a prolonged downphase, but a potential reversal is anticipated soon. This stock is viewed as a mid- to long-term hold.

Key Technical Levels:

Breakout Zone: $2.9 - 3.0

Action: If the stock breaks above this range with strong volume, it might signal a continuation of the upward trend.

Resistance Points:

$3.80
$4.50
$5.70
$6.50
$7.60

Surpassing these levels could signal a positive trend. Consider taking profits at these stages to realize gains.

Trading Strategy:

Take Profit (TP): Target 5.0 or at 10.80 to capitalize on the anticipated price gap closure.

Stop Loss (SL): Set at under $2.50 to mitigate potential losses.

Chart Analysis:
Please refer to the attached chart for detailed analysis of price trends and movements.

Trading Advisory:
Exercise caution and consider market conditions and your own risk tolerance when trading. It's advisable to conduct comprehensive research or consult with a financial advisor before engaging in trading activities.

Disclaimer: This content is for informational purposes only and should not be considered financial advice.

9月26日

トレード終了: ストップロスに到達

my entry was too early- SL hit

But now i see reversal coming - keep an eye on

10月16日

ノート

booom lets gooo