AKE's candlestick today, with a closing price of $16.11, which is higher than the high of the candlestick that I marked as UT on 14 June, raised many questions to me.
If I was right with the UT candlestick marking, and while the pullback was still not significant (so far only on 15 June), the sp shouldn't close higher than $16.10. The fact that the pullback didn't go down significantly and today the sp closed higher than $16.10 with a relatively low volume indicates that my UT marking may be wrong; it indicates that the upthrust may still be on the way.
If I was right with the UT candlestick marking, then the candlestick today is certainly a divergence from the schematic or perhaps an aberration. If it is a divergence or an aberration, the question is what has caused that. Did some people in frustration dump their LKE shares and bought AKE at market price? I wonder.
I think it will be clear in a few days.
AKE Price at posting:
$16.11 Sentiment: None Disclosure: Held
