LKE 2.94% 3.5¢ lake resources n.l.

LKE towards TOP-5, page-10951

  1. RRX
    2,382 Posts.
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    not much to say, big volume (i think 46M) to break out of channel on daily below
    https://hotcopper.com.au/data/attachments/4574/4574396-1b29933802b0f4044279e0e5a998be02.jpg


    but its looking very good on the weekly actually- looks like a retest and bounce with conviction
    https://hotcopper.com.au/data/attachments/4574/4574403-50e4ed05ba71f8f77589855b2c7a5d05.jpg


    above 1.11 and its above all her EMA's and it looks like there's a fair bit of momentum (similar to the last run up) - biggest difference this time around is you have a tonne of noob shorts (possibly retail) who shorted on the JCAP report lol - so it could get violent

    need to see how it plays out this week to confirm breakout on both timeframes


    (I'm not discounting the fact that instos may be fattening up the goose to exit their positions - but this is merely the pessimest in me.... maybe i spend too much time with dugsy)
    Last edited by RRX: 08/08/22
 
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