December 1, 2021, 2:08 pm EST
2021 Actual Trade: LAC +56% Profits
Rising gasoline prices push other choices of alternative energy like electricity. Electrical storage requires batteries that are based on lithium minerals for the advanced battery. This is why we mentioned the early rally in August for Lithium America Corp (LAC). Furthermore, we made another stock picks on LAC in October as shown:
- 08/10: Stock Picks: The Core of Clean Energy (LAC)
- 10/12: Stock Picks: Alternative Energy Makers (LAC, CCJ, SEDG)
Notice the first wave of rallies for LAC is from 16 to 24 between 08/10 to 09/16 for +50% gains. Although we did not catch this one, we kept watching for another chance. Indeed, we got the opportunity to ride the second wave of the rally on 10/12 after about a one-month consolidation base.
When LAC crossed over 23 and reached 24, it was the perfect time to be on board.
The rest of the story is a straightforward, non-stop rally with +56% gains.