How the price action of Lithium Americas Inc (LAC) is used to our Advantage

May 27, 2022, 23:00 pm ET, BY Simon M.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Our job as #investors is to pay attention to the #stocks we own.  Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The  Lithium Americas Inc (NYSE: LAC) data table below can help you with price action, and we have more details too. Trading plans for LAC are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.

Longer Term Trading Plans for LAC

• Buy LAC slightly over 26.20 target 33.43 stop loss @ 26.12 Details

The technical summary data tells us to buy LAC near 26.20 with an upside target of 33.43. This data also tells us to set a stop loss @ 26.12 to protect against excessive loss in case the stock begins to move against the trade. 26.20 is the first level of support below 28.14 , and by rule, any test of support is a buy signal. In this case, support 26.20 would be being tested, so a buy signal would exist.

• Short LAC under 33.43, target 26.20, stop loss @ 33.53 Details

The technical summary data is suggesting a short of LAC as it gets near 33.43 with a downside target of 26.20. We should have a stop loss in place at 33.53though. 33.43 is the first level of resistance above 28.14, and by rule, any test of resistance is a short signal. In this case, if resistance 33.43 is being tested, so a short signal would exist.

Swing Trading Plans for LAC

• Buy LAC slightly over 33.43, target 41.59, Stop Loss @ 33.33 Details

If 33.43 begins to break higher, the technical summary data tells us to buy LAC just slightly over 33.43, with an upside target of 41.59. The data also tells us to set a stop loss @ 33.33 in case the stock turns against the trade. 33.43 is the first level of resistance above 28.14, and by rule, any break above resistance is a buy signal. In this case, 33.43, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short LAC near 33.43, target 26.42, Stop Loss @ 33.53. Details

The technical summary data is suggesting a short of LAC if it tests 33.43 with a downside target of 26.42. We should have a stop loss in place at 33.53 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 33.43, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for LAC

• Buy LAC slightly over 33.43, target 41.59, Stop Loss @ 33.35 Details

If 33.43 begins to break higher, the technical summary data tells us to buy LAC just slightly over 33.43, with an upside target of 41.59. The data also tells us to set a stop loss @ 33.35 in case the stock turns against the trade. 33.43 is the first level of resistance above 28.14, and by rule, any break above resistance is a buy signal. In this case, 33.43, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short LAC near 33.43, target 26.71, Stop Loss @ 33.51. Details

The technical summary data is suggesting a short of LAC if it tests 33.43 with a downside target of 26.71. We should have a stop loss in place at 33.51 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 33.43, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

LAC Ratings for May 27:

Term →	Near	Mid	Long
Rating	Strong	Weak	Strong
P1	0	0	26.20
P2	25.06	23.36	33.43
P3	26.71	26.42	41.59

Support and Resistance Plot Chart for LAC

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