LKE.ASX JOKE - Discovers Refined LithiumLake Recourses was once up over 3000% and if you buy now will recover by the year 3000.
Jokes Aside. Just goes to show total destruction for most Investors.
However, one needs to Speculate now and again. So I am taking a punt on this one with a few $1000 spare. You never know? Could be a +100 Bagger.
Possibility for a take out BUY or Merger Soon.
As always, please get a few outside Expert's Advice before taking Trade or Investment Decisions.
Should you appreciate my Chart Studies, Smash That Rocket Boost Button. It's Just a Click away.
Regards Graham.
LKE trade ideas
LKE.ASX Lake Resources Rollercoaster. Lake Resources Lithium Stock has had a Wild Roller Coaster ride to the Downside.
If support is maintained from the recent lows and more Buyers come in, I expect this ticker price to slowly rise.
However remains a risky Investment / Trade.
Use your own discretion and get expert advice.
Use stop loss management to preserve your Capital.
Smash that Rocket Boost Button if you appreciate my Chart Studies.
Regards Graham
Critical Support Level for LKELake Resources presents a promising opportunity with low risk and high potential for rewards. At present, the stock appears to be consolidating around the 60 1/2 cents range, potentially indicating a bottoming out of prices. However, we should also note that the downtrend line, as depicted by the chart's line, is currently descending into the price action.
Confirmation of a bullish trend will occur when we see a break above this descending line. It is noteworthy that there are several similarities between the charts of Lake Resources and Core Lithium. We recommend setting a stop loss just below the 60 cent mark for this trade, as it appears to be a key level of support and resistance for the stock.
Australias Lake Resources Back Above Its MA 20Lake has had quite a pullback after its massive run in the earlier part of the year. Its crossed back up above its 20 Day Moving Average along with the MACD and RSI making upwards signs.
Commsec is currently showing 545 buyers for 4,847,335 units and only 294 sellers for 2,645,213 units, so fingers crossed it seems demand is on our side.
Could be one to add to your research list.
LKE - Bearish ADL Divergence & new uptrend confirmed
Bearish ADL Divergence is when the ADL is trending downwards while price is on the rise. In this instance, ADL is signaling an increase in selling pressure (Distribution), and price took a downwards turn.
Formed a pennant pattern and observed the break to the upside. Measured move nearly fulfilled, my entry price was 1.01.
Previous ATH at 1.185 was taken out easily with high volume and confirmed with an uptrend on the ADL. It is now in a low volume profile region which could make the price action more choppy in the near term.
$LKE $LKE.axLKE breaking out of a 5 month consolidation period, looks like a 5 month cup and handle pattern
Target is at the 1.414 Fib level and also the "Cup and Handle" Traditional chart pattern target.
Lithium sector and commodities all running hot atm.
Volume is very notable on the breakout also. Adds conviction.
Looking for lower timeframe backtest entry
LKE @ 4 NOV 2021Text me if you have any questions/comments for me.
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LKE
- Previous analysis was done on 21 Oct (red arrow) -> Suggested waiting for a retracement and a successful rebound
- Since then, the stock has strapped on rockets to comfortable close above the psychological resistance at $1 levels
- On 14 Oct (blue arrow), I suggested entry around 62 cents levels and following that recommendation would mean getting almost 77% gains
- A retracement or sideways price consolidation would be good for the mid-term health of the uptrend
- A strong pullback could still take place
- R is more than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a retracement and a successful rebound
LKE @ 21 OCT 2021Text me if you have any questions/comments for me.
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LKE
- Previous analysis was done on 14 Oct (red arrow) -> Recommended waiting for a successful rebound before plotting entry
- Since then, not only has the stock rebounded, it has also broken out above the 65 cents resistance level with above average volume
- Stock is proving that the mid-term average is a strong support
- R is more than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a retracement and a successful rebound
LKE @ 14 OCT 2021Text me if you have any questions/comments for me.
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LKE
- First time doing a written analysis on LKE
- Doesn’t have much a history of long and steady uptrends
- Any strong upwards movement lasts for a few short weeks with strong volume before momentum peters out
- Not usually a trend that would attract trend followers
- Resistance zone has formed around the 65 cents level (purple dash line)
- Stock doesn’t respect the short-term support, but the mid-term support is proving to be stronger
- R is more than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before plotting entry