AKE 0.00% $9.83 allkem limited

$5, page-65

  1. 565 Posts.
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    Let the dissection begin on the completed weekly print : --
    ore-w6.png

    Price below the 5WMA, well above the 21W MA; big volume, RSI coming off a bit (green).

    My 4.30 call on support has been mangled, but the shape looks like some support is there.

    Interesting to see on some other threads on ORE that Li (supposedly) is coming off the boil a bit - that's consistent with a review of the other "hot" Li stocks - PLE, GXY etc - they have all come off a bit.

    Exuberance being reigned in ? Maybe.

    Reminds me of the .com nonsense - when it all hit the fan, you just "knew" that the Internet was here to stay - more "when" not "if"; feels the same with non-polluting energy sources/consumers to me as well. That's not to say it has to be Li batteries as the be-all and end-all storage medium, but it has a strong case ATM.

    The chart still looks OK to me.

    Enough of my babbling.

    Go well all
 
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