LAC Long Term Play

4 May 2021

Overview:

• 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
    
  Stop Loss:
  • $12.15, Use resistance pre January rally as stop loss
    
  Disclaimer
  Not investment advice. Thinking out loud in a crowded room.

4 May 2021

İşlem aktif

Avg Entry: $13.15

5 May 2021

İşlem aktif

New Avg Entry: $13.175

6 May 2021

İşlem aktif

New Avg Entry: $12.8857