Hi all, I'd like to add a few more things to my previous post, and share my perspective on LKE's chart. LKE has been in a down trend for quite a long time, and its journey down seems to be continuing. The down trend in the short term is definitely not as steep as the long term down trend, although it is present. In the second chart, it can be seen that LKE made a higher low(from 1 to 2), however it couldn't pass its previous high(a) and fell from the point b to 3. At point 3, the share price reached lower than point 1, however it closed at a higher price. From that point, it can be seen that LKE made new higher highs(c, d, e, f), however none of them could reach the previous high which is point b. Considering how close the c, d, e and f points are to each other, I can only interpret this to the lack of confidence in the company. In my opinion LKE is destined to go lower unless it reaches its previous high which is point b, and carries on to point a and beyond.
(20min delay)