AKE 0.00% $9.83 allkem limited

AKE Chart, page-2424

  1. 4,717 Posts.
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    There are 2 Wyckoff's accumulation schematics: with Spring (the opposite of UTAD) and without. I think my last chart shows the pattern has formed into a recognisable Wyckoff's accumulation Phases A and B.

    The question is whether it will go into Phase C with Spring or without. With Spring the share price will go lower than $9.46 (24 June) and then starts climbing up. Without one, the share price will be moving within the accumulation range and then breaks the upper resistance line, which will be Sign of Strength (SOS).

    Deep down I have another question: will the share price really be moving following the schematic? It looks so predictable if it does.

    Now, although I still have some skepticism, if the share price gets to $9.50 (I remember @excitable2 bought some) I will be buying more!
 
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