AKE 0.00% $9.83 allkem limited

Weekly & Monthly chart showing double top

  1. 634 Posts.
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    I have been studying the technicals, as well as, the fundamentals on ORE for about 3 years now. Last year I predicted a fall to the 2.70 area....which we hit over the past few weeks. As of now the longer term charts are showing a distinct 'double top' which is developing into a 'three black crow' formation which will send this to a new low of approximately 2.00 AUD or $1.55 US within the year. This is obviously not a 'hard and fast' figure, but within 5-10% I would wager. Charting is part science and part art....but it has always worked for me when I align it with fundamentals.

    I am sure there will be some here that say I am a down ramper or and party pooper...but I am just calling it like I see it. I was right about the drop to 2.70 and I was berated for that...and in fact never given credit for the call.
    Last edited by nrcmedia: 21/03/17
 
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