LAC (Lithium Americas Corp) – Bottom Reversal with Higher Low Fo

The LAC stock chart suggests a confirmed bottom structure, supported by a clear higher low pattern—a strong technical signal that downward momentum has likely ended and a trend reversal may be underway.

After an extended downtrend, the price has formed a rounded bottom with two notable troughs, indicating accumulation and base building. The most recent low is higher than the previous one, marking a bullish higher low, which strengthens the case for a trend reversal.

Key Technical Signals:
Confirmed bottom: Rounded bottom pattern over the past several months.

Higher low: Recent price action has respected prior support and pushed higher, a bullish sign of strength.

Breakout zone: Price is currently challenging resistance in the ~$2.80–$3.00 range. A sustained move above this area would confirm bullish breakout momentum.

Upside targets:

First target: ~$4.49 (prior support turned resistance)

Second target: ~$5.19 (key historical resistance zone)

Trade Setup:
Entry: Current breakout attempt (~$2.85)

Stop-loss: Below recent higher low (~$2.43)

Risk-reward ratio: Favorable, targeting ~60–80% potential upside with limited downside risk.

Summary:
LAC is showing signs of a long-term trend reversal, with a confirmed bottom and bullish higher low. If momentum continues, a breakout rally toward previous resistance levels is likely. Traders may consider this a medium-term opportunity, with a solid technical foundation and clear upside targets.