Happy to start a new thread (for those who are interested in LKE trading, purely speculative!) for next week's possible share price movement.
1. LKE has been heavily shorted over the last week, due to the timing of CEO's quit and share dumping, along with some negative medias on Lithium price.
2. Chairman clarified market with reasonable explanations/company update.
3. PLS's record Auction price contradicted with GS's report, indicating the price will remain high in foreseeable future.
I would expect the shorts will fight hard to suppress the SP, for an slow, orderly retreat. wouldn't expect a panic exit which potentially will push the SP above $1.10 at open.
But with the positive news both from the industry and the company, how long the shorters can keep the sp below $1.00?
Monday
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 (20min delay)
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Last
5.9¢ |
Change
0.001(1.72%) |
Mkt cap ! $97.89M | |||
| Open | High | Low | Value | Volume |
| 5.9¢ | 6.1¢ | 5.8¢ | $181.4K | 3.043M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 773915 | 5.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.1¢ | 444830 | 7 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
6.0¢ |
Change
0.001 ( 3.27 %) |
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| Open | High | Low | Volume | ||
| 5.9¢ | 6.1¢ | 5.8¢ | 1887308 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| LKE (ASX) Chart |