AKE Chart, page-5568

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ljcamp

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02/11/23

20:55

Post #: 70699258
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Originally posted by akgo01: ↑

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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I suspect ALB will get crunched on open just like LTHM last night and will experience a sharp intra day recovery.

at low prices of Chinese spot carb ie 2018 through to 2021 ALB only poked its head below the carb price. All else equal the ALB share price will put it bottom in tonight and the monumental climb back to all time highs will begin.

LIT ETF has been falling for 2 years. This is unsustainable. FACT.

not advice

AKE Price at posting: $9.18 Sentiment: Buy Disclosure: Held
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AKE Chart, page-5568

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