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

Source: Stock Traders Daily

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

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LAC Long Term Analysis for May 27 2022


LAC Swing Trading Analysis for May 27 2022


LAC Day Trading Analysis for May 27 2022

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.