AKE Chart, page-4397

I do think AKE is still in the accumulation phase. That is why I think it will go back down. But the trading range is too wide (980-12.28) compared to the previous ones. I still don't know if it is the right trading range for this accumulation phase.

The run up to 12.28 from 9.80 was not purely technical but pushed by Albemarle's offer. That has made the sp pattern doesn't resemble Wyckoff accumulation schematic. So I will be observing how it is unfolding.