Lithium stock price technical traders note lithium stock

Technical traders note lithium stock price forming an ascending triangle pattern, with $19.50 as the breakout target. Increased institutional orders in afternoon trading suggest anticipation of positive industry reports. With shares quietly rebounding and modest gains posted over the past year, the question remains: Is Lithium Americas currently undervalued, or has the market already priced in any hopes for future growth? LAC stock pushed explosively to the upside this morning mostly because government involvement means added credibility, capital, and long-term policy support for the NYSE-listed firm. Lithium stock price slipped to $17.50 in early trading as the US dollar strengthened. However, analysts expect renewed buying interest ahead of next week’s global battery conference announcements.