AKE 0.00% $9.83 allkem limited

AKE Chart, page-5142

  1. 8,097 Posts.
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    Hit the .618 fib today of the $9.80 - $17.04 wave - $12.57

    Tiny gap at $12.46 a likely near term magnet.

    Needs a sector sentiment change to prevent this going below $12.00 IMO. Spot carb price, like it or not is driving sentiment.

    A double bottom is not off the table if spot carb re tests 166k Yuan again. Fill the gap at $10.33?

    Considering a lot of US / HK Lithium stocks are near 2 year lows this is possibly on the cards.

    Tread carefully in my opinion.

    edit: PLS shorts still rising hit above 10% a red flag also

    https://hotcopper.com.au/data/attachments/5582/5582301-7ed9ff1f5183f06d937c2e4077830bed.jpg
    Last edited by GARETH78: 14/09/23
 
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