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$9.83 allkem limited

well played sir.now let’s all put this ”down turn” behind us and...

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ljcamp

2,774 Posts.

2512

03/11/23

06:46

Post #: 70702021
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Originally posted by akgo01: ↑

Looking at the tight trading range around $9.27 from noon to about 3:50 pm, I thought the sp would close at $9.27. If that happened, a bullish harami would have been formed. But that would be too easy and too obvious. So at 3:51 pm a selloff started to close the sp just 1 cent above the open price.

So AKE's candle today looks much closer to gravestone doji than inverted hammer. It is also an inside bar. And the standard reading of an inside bar is to wait for either a bullish or bearish confirmation. But in this case, I tend to think that it will be a bullish one tomorrow. I think the strong bullish momentum that pushed LTHM sp up from more than 8% down to only 1.85% down last night will keep pushing the sp up tonight. And that will trigger a bullish move on AKE sp tomorrow morning.

Let's wait and see.

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well played sir.

now let’s all put this ”down turn” behind us and learn to share supply chains because this transition isn’t going away. China need feed stock and the west need cathode and anode.

not advice

Last edited by ljcamp: 03/11/23

AKE Price at posting: $9.18 Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

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