I'm a big fan of TA so I'm not bashing it in any way
In LKE's case though, you need to factor in news, fundementals and the current macro environment.
These 4 pieces of news came in at critical points in the chart allowing it to create this freight train of a move
- Shipping of the demo plant (you would assume Lilac wouldn't ship something that didn't work)
- $40M 'At the Market' investment from Acuity Capital
- MOU with Hanwa
- US pledging funds to secure EV materials from Australia
There is also the variable of LKE's management, I've got a tin-foil hat theory that some of the directors are TA chartists considering the timing of some of this news and the voluntary suspension they did
LKE chart, page-994
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Last
6.3¢ |
Change
-0.001(1.56%) |
Mkt cap ! $102.8M | |||
| Open | High | Low | Value | Volume |
| 6.5¢ | 6.5¢ | 6.2¢ | $319.5K | 5.053M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 961680 | 6.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.3¢ | 227685 | 12 |
View Market Depth
| Last trade - 13.25pm 27/05/2024 (20 minute delay) ? |
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Last
6.2¢ |
Change
-0.001 ( 3.13 %) |
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| Open | High | Low | Volume | ||
| 6.4¢ | 6.4¢ | 6.2¢ | 2051662 | ||
| Last updated 13.36pm 27/05/2024 ? | |||||
| LKE (ASX) Chart |