LAC Stock Price Crashes To A Two-Year Low, Can It Recover?
The post LAC Stock Price Crashes To A Two-Year Low, Can It Recover? appeared on BitcoinEthereumNews.com. LAC stock price slumped over 10% in Intraday on Wednesday and closed at $8.16. LAC stock price fell below the key moving average of 50-day EMA. Lithium Americas Corp. stock price has wiped out over 30% of its value in the past week and exhibits a strong bearish trend. LAC stock price slumped 10.33% on Wednesday and currently trades at $8.12. The stock crashed to a two-year low price. The recent sessions saw bearish dominance in the stock price as the price fell by more than 30% in the past week. Moreover, the Lithium Americas Corp. stock has been bearish for the last three quarters and has been on a continuous decline taking short-term pullbacks. The 200-day EMA acted as a major dynamic resistance for the price as the stock price has suffered multiple rejections from the 200-day EMA and declined. The technical indicators imply that the stock price has slipped below the 50-day and 200-day EMA; both indicating a bearish trend prevailing in the short term as well as the long term. RSI is also showing a bearish crossover of the SMA line indicating weakness over the charts. The stock price may continue to decline in the short term until it faces some major support on the lower side. Recently, the LAC stock price has made a breakdown of a round level of $10, a major support. LAC Stock Price Analysis Over Weekly Chart Source: Lithium Americas Corp. 1D. NYSE By TradingView The weekly chart illustrates the formation and breakdown of a descending triangle pattern. Currently, the LAC stock price is nearing the previous demand zone which may halt the further fall. Also, the LAC stock price fell below the 200-day EMA over the weekly chart indicating the stock price has turned bearish in the weekly timeframe and invites…
The post LAC Stock Price Crashes To A Two-Year Low, Can It Recover? appeared on BitcoinEthereumNews.com.
LAC stock price slumped over 10% in Intraday on Wednesday and closed at $8.16. LAC stock price fell below the key moving average of 50-day EMA. Lithium Americas Corp. stock price has wiped out over 30% of its value in the past week and exhibits a strong bearish trend. LAC stock price slumped 10.33% on Wednesday and currently trades at $8.12. The stock crashed to a two-year low price. The recent sessions saw bearish dominance in the stock price as the price fell by more than 30% in the past week. Moreover, the Lithium Americas Corp. stock has been bearish for the last three quarters and has been on a continuous decline taking short-term pullbacks. The 200-day EMA acted as a major dynamic resistance for the price as the stock price has suffered multiple rejections from the 200-day EMA and declined. The technical indicators imply that the stock price has slipped below the 50-day and 200-day EMA; both indicating a bearish trend prevailing in the short term as well as the long term. RSI is also showing a bearish crossover of the SMA line indicating weakness over the charts. The stock price may continue to decline in the short term until it faces some major support on the lower side. Recently, the LAC stock price has made a breakdown of a round level of $10, a major support. LAC Stock Price Analysis Over Weekly Chart Source: Lithium Americas Corp. 1D. NYSE By TradingView The weekly chart illustrates the formation and breakdown of a descending triangle pattern. Currently, the LAC stock price is nearing the previous demand zone which may halt the further fall. Also, the LAC stock price fell below the 200-day EMA over the weekly chart indicating the stock price has turned bearish in the weekly timeframe and invites…
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