AKE 0.00% $9.83 allkem limited

AKE Chart, page-674

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    I cannot remember whether the pullback A occured in a similar market condition as the pullback B. But I see them as the same kind of a sharp simple pullback. They both moved from all-time high (high above EMA 9 line) to below EMA100 line, which I believe to be the bottom of the pullback, within 6 trading days.

    The volume today, a down day, is above average. I take that as a sign that the smart money absorbed the big sell-off today. If my reading is right, then there will a period of accumulation by the smart money like after the pullback A before the share price starts climbing up again.

    But, I think unlikely, if the market conditions worsen, the pullback B will be a reversal.
 
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