Bulletin
Investor Alert

April 30, 2021, 6:01 p.m. EDT

The Fundamental Case for Lithium Americas Inc #LAC Using a Price Based Model

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Lithium Americas Corp. (LAC)

or Cancel Already have a watchlist? Log In

Apr 30, 2021 (Stock Traders Daily via COMTEX) -- Traditionally #WallStreet has used #fundamentalanalysis to make #investmentdecisions in #stocks like Lithium Americas Inc /zigman2/quotes/206933779/composite LAC -4.69% but sometimes the most revealing aspect of the fundamental health of a company can be found through an observation of its price action. Price action was used to produce the raw data below for LAC and it can be used as an example of how to use price action to define fundamental opportunity. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports .

Technical Summary

The Technical Summary and Trading Plans for LAC help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this LAC Report.

There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

The technical summary data is suggesting a short of LAC as it gets near 15.06, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 15.1. 15.06 is the first level of resistance above 14.16, and by rule, any test of resistance is a short signal. In this case, if resistance 15.06 is being tested, so a short signal would exist.

COMTEX_385471091/2570/2021-04-30T18:00:52

Is there a problem with this press release? Contact the source provider Comtex at editorial@comtex.com. You can also contact MarketWatch Customer Service via our Customer Center.

/zigman2/quotes/206933779/composite
US : U.S.: NYSE
$ 13.01
-0.64 -4.69%
Volume: 2.64M
July 23, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$1.56 billion
Rev. per Employee
N/A
loading...

This Story has 0 Comments
Be the first to comment

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.