Looking at the tight trading range around $9.27 from noon to about 3:50 pm, I thought the sp would close at $9.27. If that happened, a bullish harami would have been formed. But that would be too easy and too obvious. So at 3:51 pm a selloff started to close the sp just 1 cent above the open price.
So AKE's candle today looks much closer to gravestone doji than inverted hammer. It is also an inside bar. And the standard reading of an inside bar is to wait for either a bullish or bearish confirmation. But in this case, I tend to think that it will be a bullish one tomorrow. I think the strong bullish momentum that pushed LTHM sp up from more than 8% down to only 1.85% down last night will keep pushing the sp up tonight. And that will trigger a bullish move on AKE sp tomorrow morning.
Let's wait and see.
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