Downloading...
Download

LAC

CALLING BOTTOM - $LAC Target 23.32 for 25.24% $LAC Target 23.32 for 25.24% Or next add level is at 13.08 LET'S GO... — On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average. I start every position with 1% of my account and build from there as needed and as possible. I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed. GL and happy trading.
NYSE:LACLong
by SPYder_QQQueen_Trading
1
ADDED to $LAC New Target 24.13 for 28.49% $LAC Target 24.13 for 28.49% Or next add level is at 13.43 — On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average. I start every position with 1% of my account and build from there as needed and as possible. I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed. GL and happy trading.
NYSE:LACLong
by SPYder_QQQueen_Trading
2
$LAC Target 24.76 for 27.56% Or next add level is at 14.06$LAC Target 24.76 for 27.56% Or next add level is at 14.06 I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed. GL and happy trading.
NYSE:LACLong
by SPYder_QQQueen_Trading
1
Is TSLA actually a reflation / commodity-style trade? The correlation between TSLA prices and lithium prices is remarkable (we are using the stock prices of two lithium miners with low diversification as a proxy- so more diversified Albermarle is not included - which is obviously an imperfect proxy). Movements in the price of the largest US-focused lithium miner LTHM explain 79% of the variation in TSLA's price since 2018. imgur.com (Linear Regression Analysis) A cross correlation analysis suggests no consistent lag between and TSLA. This means that current day (and current week) LTHM movement correlates best with TSLA. So it's not really TSLA driving LTHM, or vice versa. 1. Weekly returns were aggregated and compared, and the Pearson Correlation actually suggests that prior week LTHM return has some predictive value for TSLA current week returns. imgur.com The volatility of returns as a % make linear regression a sub-optimal tool to use here. We used binary logistic regression which somewhat confirmed these conclusions (71% accuracy). 2. We looked to see if variations in the 10yr yield explained variations in TSLA's stock price (making TSLA more like a tech company) and perhaps then affected lithium producers downstream. We found that, prior to 2020, the Pearson correlation between TSLA and TNX was positive (0.36); in early 2020, it was negative (-0.42 yields fell and TSLA rose out of the March lows) and, since August, strongly positive (0.86). I included a more traditional tech company (AMZN) for comparison which clearly has a negative relationship with 10-year yields throughout nearly all periods. 3. The visual chart shows a number of continuation patterns ("pauses") since the March 2020 lows. In most instances, TSLA and LTHM corrections & consolidations occur simultaneously, and in the vast majority of instances, LTHM topped slightly prior to TSLA. 4. All 3 assets show hammer reversal-type patterns within falling wedges that are quite similar to many previous iterations that resolved bullishly. Until further notice, TSLA, LTHM, and another US-based lithium producer (LAC) appear to be ending yet another falling wedge pattern to reverse to bullish upside. And, thus, I am cautiously bullish on all 3. However, for me, LTHM's breakout appears slightly stronger than that of the other two, so I consider it the preferred trade. LAC could be the highest upside trade of the 3 given its outperformance of the other two since the March lows.
NYSE:LACLong
by dtingbudong
2
Analysis request: LAC bullish above 20.89LAC has broken the supply line coming off the highs of 28.72 We found support at 17.71 and again above 19.76 If we can break above 20.89, first target would be 24.76, and ultimately a retest of the resistance at 28.72 If we break support to the downside, there isnt much underneat us til we can to the bottom of the green range. Bullish divergence on the RSI but id like to see it above 60, with volume picking up as well. as we approach 20.89
NYSE:LACLong
by TradingNomadic
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.
NYSE:LACLong
by meszaros
4