2021 and beyond, page-2975

Some people just can't understand basic concepts or else just like to be a pain.
LKE, PLL, PLS and VUL are all peers in the lithium space. When the lithium sector rises, most stocks in the sector rise. Simple!
The charts demonstrate that LKE is rising with the sector. It is behaving generally in line with the sector and therefore many here would be watching the sector for some guidance on how LKE might behave. It's a bit sad that such a simple concept needs explaining.

While the Nasdaq is less related, it represents the markets current appetite for high valuation, high growth stocks and perhaps what some might consider riskier stocks. If anyone thinks US indexes don't influence most ASX stocks, they should give up on investing.
Nasdaq has three clear days in record territory. Risk on appetite.



Lake has been very strong since mid June when the last of the options were paid for. Ceiling removed, risk on market, very undervalued stock. Short sharp correction this week after strong gains just sets up for the next leg up. My best guess is that this will be making new highs quite quickly. 43c would be a new closing high that would trigger further technical buying. That's only 7c from here. Good luck with the down ramping. It won't stop the inevitable.