Well I was wrong a few weeks ago when I though that AKE might be in a different place in the wave count and about to diverge from PLS, when I (correctly) thought PLS was about to head for a sharp ABC correction. As I suspected might be the case all lithium stocks moved in sync downwards with the expertly timed push from a few "analysts".
Both AKE and PLS have pulled back to the previous wave 4 lows, and in both cases the C wave of the ABC correction also has landed on a fib extension of the A wave, suggesting that these will be likely turning points.
$4.30 was the price I predicted PLS would drop to, and it pretty much hit that spot on.
I would say the selling is likely over for both and we may see an imminent reversal shortly.
Two cashed up cash cows sitting on a pile of cash, printing more cash with further growth to come, still on black friday sale prices...
Did I mention lots of cash?
AKE Chart, page-3615
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