AKE 0.00% $9.83 allkem limited

PG....we are on the same page in terms of management...

  1. 634 Posts.
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    PG....we are on the same page in terms of management transparency. I lost a lot of respect for management since my original investment in 2014. As much as I wanted this company to succeed, every time I thought they had finally reached a breakout point something happened to rein in my enthusiasm. So for now...I am just going to hold on to the shares I have left and hope we pop through the $5 mark. Looking at the 'Monthly' chart we are at the top of the channel at $4 (US)...the bottom of the channel is $1. This is on the 10 year monthly chart. So if it breaks through the $4 level here and holds, I think we are headed much higher. If it staggers under $4 and refuses to breakout it's going to be a long year. The 'Weekly' chart on a 3 year outlook is at a 'pivot point', so either way this stock is at a historic juncture currently and it is a 50-50 proposition technically. I'm through predicting any upside or downside...just going to wait and watch. I am more relaxed now that I have transferred a good portion of my lithium investment into Albemarle. I have high hopes for the Chinese market in lithium hydroxide. Whether or not ORE becomes a participant, will be left for another day....for now would be nice just to see the 17,500 tons per year reached...as promised.
 
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Currently unlisted public company.

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