AKE (ASX) AKE Chart

Originally posted by whoamI22: ↑

Hello Steff,
I am of the same belief. I only say some words here now and then, but like reading what the TA guys say....And honestly it helps me form part of my analysis. Thank you Darkstone, Akgo01, Gareth and other occasional punters.
So Steff, I watch the US markets and trade some options, against the market, specifically the TZA which is 3 x inverse to the IWM (Russell 2000) since April 2021. Especially now and previously, it's been lucrative. But, my point is that the US markets will give the best guide as a general picture.....And atm we are watching a very slow crash which will probably only play out by late 2023 (of course my informed opinion)
Where does that leave Lithium stocks? Well, I think now and in the future, a bit of a safe haven from the major downturn, but not unsusceptible to market swings.....so, I will play them. I bought AKE late June to mid July and have sold all those as well as some of my core holding. (Ready for the next buy and sell) If you're watching gaps, there's a big one at around $10.75.....who knows if it will get there, but I am a patient man now and know if it doesn't happen, there is always another trade around the corner. Lastly, I do believe AKE will get to $20 at least some time in the next 1 to 3 years, it all depends on how low world markets drop from here. (AIMO)
All the best, cheers

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"And atm we are watching a very slow crash which will probably only play out by late 2023 (of course my informed opinion)."

Yes, that is exactly what is happening. And as I bystander with cash at the side, it is ok to watch and wait. I wanted to have cash, that is why I sold AKE, MIN, LTHM and PLS quite at the ATH. Now, I can watch and see how this unfolds, also thx to the analysis of some guys here. But it does look as main indices will touch the lows of early July and of course, all equities will go down further hand in hand with indices, but will provide safe heaven for commodity investors guys.

I am pretty confident of my other stocks, I am also pretty confident of my decision to see the current rally as a bear market rally. But I also used the last weeks, especially on the ASX, to dca down with minor amounts of money which worked out pretty well.

So, as you said, patience is the word right now Have a good one!