Re: Good News-Bad News viewpoints on Lithium Americas
in response to
by
posted on
Feb 03, 2022 09:35AM
Jimmyl, Thanks for sharing. Yes, I agree that not everything looks rosy in the near future. As you mentioned , last year almost anyone could have look as genius picking stocks, but this year will be different matter. I know that some people do not trust charts and it is true that chart can not predict future SP action, but it does show support levels accurately enough.
At this point $24 area is very strong, but if big negative news hits a market, then SP can easily fall to $20-th, and a war in Eastern Europe can push SP even lower, to the next support of last July -$14. So, things are not clear as we would like. Of cause nothing I mentioned might happen and in a good scenario- stock market already assumed rate increase, war will be avoided and by end of the year LAC reports production quarter pushing SP up to mid $30-th.
As they say: pick your poison, or not, LOL. Go LAC.