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LKE

1.64%

6.0¢ lake resources n.l.

LKE towards TOP-5, page-11378

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10,306 Posts.

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12/08/22

08:22

Post #: 63070702
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Originally posted by Mozza01: ↑

I’m expecting one of two things today for LKE on the ASX:

1) Some profit taking and possible selling by traders that won’t want to hold their trade over the weekend - pausing the magnificent run up we’ve had in the SP through the last week and a bit and resulting in a small pullback. This would provide the perfect handle to the cup on the current chart and signal a bullish continuation.

2) An announcement drops and we continue along our merry way with another significant upswing in the SP to finish the week.

Further closing from Shorters may just provide enough buying pressure to offset the profit taking and trader selling - only to subdue the SP rise rather than seeing a pullback. This will depend on the volume on the buy side and whether or not it is enough to overwhelm the selling.

A breather in the SP rise would actually be a good thing until the expected announcements start flowing. Either way, it will be the end of a very good week for LTH’s and we have a lot more positive things to look forward to in the run to Christmas.

GLALTH

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Risk is on the traders and shorters. Lithium demand here to stay and company transformational news is on the way.

LKE Price at posting: $1.60 Sentiment: Buy Disclosure: Held
13 Upvote

0 Great analysis

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Add LKE (ASX) to my watchlist

(20min delay)
Last 6.0¢		Change -0.001(1.64%)		Mkt cap ! $104.2M

Open	High	Low	Value	Volume
6.1¢	6.2¢	5.7¢	$463.0K	7.772M

Buyers (Bids)

No.	Vol.	Price($)
2	68474	5.9¢

Sellers (Offers)

Price($)	Vol.	No.
6.0¢	313567	3

View Market Depth

No.	Vol.	Price($)
2	68474	0.059
4	2629680	0.058
3	300000	0.057
12	227312	0.056
13	722908	0.055

Price($)	Vol.	No.
0.060	313567	3
0.061	188934	3
0.062	288792	5
0.063	368373	2
0.064	546877	3

Last trade - 16.10pm 01/11/2024 (20 minute delay)

LKE (ASX) Chart

LKE towards TOP-5, page-11378

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LKE towards TOP-5, page-11378

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