Trade: Lithium Americas

$LAC (+1,36 %) Yesterday, it closed the massive upward gap from September and is now more oversold on the daily chart than it has been in two years (RSI 22). I expect a rebound here soon. That would also make sense, since the sector as a whole has recently been heavily sold off. I’ve bought 1,000 shares. The trade is tightly hedged. If the price sustainably falls below the 4.50 CAD range, I’ll sell them off again.