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LAC Long Term Play

Oleh Ronald_Ryninger

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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.

Dagangan aktif

Avg Entry: $13.15

Dagangan aktif

New Avg Entry: $13.175

Dagangan aktif

New Avg Entry: $12.8857

Ronald_Ryninger

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ronaldryninger.substack.com

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Penafian

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