Australia's largest stock trading and investment forum Australia's #1 stock forum

AKE

0.00%

$9.83 allkem limited

Hai pebble keeper would you like to manage my funds..i ain't got...

First 1255 Last

Share
Profile

Follow
Zetland1

947 Posts.

68

09/03/22

11:41

Post #: 60082326
Share

Originally posted by Darkstone: ↑

Well that was crap. So it looks like it is going to hit the 78% fib (900) after all. If so that will happen tomorrow. The top of the current channel will be 955, so it would be likely to be a hammer candle. With the benefit of hindsight, the correct trade would have been to cut losses at 928 and trade out putting the buys in around 900. I didn't 'cuz I was dealing with one of the darkpebble's piano teacher who was whining at me about his technique when it dropped below 930 - so she cost me thousands. I am thinking it is probably not worth it now as there is not a lot of profit versus risk as it will likely spend only a few minutes down there if it goes there. If it drops below 900 we have some serious rethinking to do.

On the plus side, we have a first target of around 1135 which the channel can reach around 17th of this month if it reverses up tomorrow, and we would expect that it will reverse after today or during the day tomorrow. Also the candle formed today is actually an inverted hammer, which in my experience indicates with good reliability on AKE/GXY a trend reversal, so we could easily see it reverse on open tomorrow, but I think it will try and have a go at that next fib point and then rise. Lastly a fractal run like this usually runs for 3 or 4 days and we have just done day 3, so all things together it looks like finishing significantly higher tomorrow than today's close, in my humble opinion. Lastly I normally move one day too early, and it looks like I have done that again, so that should suggest a rise tomorrow after a small drop.

Expand

Hai pebble keeper would you like to manage my funds..

i ain't got much but i could if you help..

well played

AKE Price at posting: $9.65 Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

CKA

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

BCI

BCI reaches close of funding facility for salt-first part of Mardie project

BUX

Buxton projects new graphite province discovery at WA Narryer play

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

WCN

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

SLS

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

NTI

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

There are more pages in this discussion • 4,623 more messages in this thread...

First 1255 Last

Add AKE (ASX) to my watchlist

Hai pebble keeper would you like to manage my funds..i ain't got...

Top Stories

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

BCI reaches close of funding facility for salt-first part of Mardie project

Buxton projects new graphite province discovery at WA Narryer play

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Featured News