LLKKFJumped back in lake after some good success with this 1 last month. I think we finally get the move back up to .45c then eventually .65c. The triangle I drew is subjective so can't be sure of the accuracy. Also the fact that after breaking from the triangle top Trend line lake just sells off back into the triangle. So be c careful here if you follow my idea because I read this a few ways.
1. Lake is way oversold and the trend is ready to bounce.
2. They have some catalysts ahead this month I believe they will report the lithium mining extraction results soon (DYOR)
3. This level has been proved as strong support thus far.
4. If a breakdown happens and Lake starts to head below .21c I will exit because those lower EMAs will likely be tested in this scenario.
5. Low volume so we need buyers to move this stock so the news about their extraction will likely be the catalyst.
GL guys.
LKE trade ideas
Looks to be a higher low set in for lake resources.Strong chart pattern, on watch for break of yellow resistance line. Will consolidate for next 2 to 3 weeks (longer the better for lke given its move from 6c..) before breaking trendline and move up for a rerate.
If you want to enter now, stop loss at 28c and dont get emotionally attached as it can dip alot more then just 28c if buyers dont step up and keep it above 50ma given the move from 6c again.
LLKKFLake broke down, I sold at .33c entry was .22c so nice win & this trade strayed up through the entire stock market correction. This was my only profitable trade over the stock market correction I used the funds to. buy every dip down to 3780. I think Lake will come back from here and I would buy at these levels and look for .49c
LKE Strong TrendLake Resources NL (ASX:LKE; OTC:LLKKF) is a clean lithium developer utilising clean, direct extraction technology for the development of sustainable, high purity lithium from its flagship Kachi Project, as well as three other lithium brine projects in Argentina. The projects cover 200 sq km in a prime location within the Lithium Triangle, where 40% of the world’s lithium is produced at the lowest cost.
Lake Resources looking bullish:
- Strong Uptrend respected
- Previous targets complete
- Bullish Channel confirmed
- MACD Bullish
- RSI Trending Bullish
- Bullish bounce of .328 Fib Retracement over last 2 days
- Bullish Buying Volume
- Market Structure currently Bullish
Bearish Move:
- Im expecting some Bearish action as traders take profit, RSI is slightly overbought. Consolidation within channel is possible.
Watching Closely
"DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
LKE BEAR FLAG or BREAK & TESTLake Resources NL (ASX:LKE; OTC:LLKKF) is a clean lithium developer utilising clean, direct extraction technology for the development of sustainable, high purity lithium from its flagship Kachi Project, as well as three other lithium brine projects in Argentina. The projects cover 200 sq km in a prime location within the Lithium Triangle, where 40% of the world’s lithium is produced at the lowest cost.
Recently spotlight was shon upon LKE with the speculation that NVX was going to supply Tesla with the technology required to create the "Million Mile Battery" LKE provides NVX with Clean Battery Grade Lithium to create the NMC622 LIB (lithium Ion Battery) test cells.
You can clearly see in the Chart that hype was real and then when it was proven Pure Speculation the market reaction. I wanted to let the dust settle before charting LKE next potential move. Below are 2 possibilities.
SHORT- Bear Flag & Gap Fill
Technicals:
- Bear Flag Pattern almost complete
- Stochastic almost overbought
- 20MA will be lost if we cross Uptrend Trendline
- Struggling to make a Higher High
- Bear Flag Target 1 marrying Previous Support
- Gap Open at 0.041-0.043
- Bear Flag Target 2 at previous lows
LONG - New ATH
Technicals:
- Break and Retest off Strong Support
- Stochastic has not turned
- Current Bullish Market Structure
- Ichimoku still Bullish
- RSI still trending above the 50 and not Overbought
- MAs currently still Bullish and price still currently above the 20MA
Interested to see what's next for the Clean Tech Lithium Producer
Personal Sentiment: Hold, Disclosure: Held
"DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
LLKKFlooks strong holding the 236% fib looking to fill the gap to .09c . Maybe this has to do with battery day, cant be certain but this is the strongest move I've seen in this stock in months. Happy to be holding. RSI way overbought on all TF's except hourly. Makes me think LLKKF has room to run and is in a bull market cycle as of lately. Of course the RSI will crash down at some point but until then this stock continues to grind higher.
LLKKFjust quickly wanted to get this out there, news came out a group call Break Through Energy consultants just bought billions worth of this Lithium mining company that operates out of Australia , Bill Gates bought 20 billion worth of public shares. I got in at .09c 5 min late pumps to .19c. I think it is going to fly guys
ASX: Lake ResourcesFactors
1. Price has broken out of the recent downtrend (03/06/19 - 02/01/20)
2. There is a bullish candlestick printed where price broke the recent downtrend (02/01/20)
3. There is a gap at 5.4c which I would be looking to target.
Possible Reasons For Failure
1. Momentum may fizzle and close the gap below
2. Low volume on the initial breakout
3. 13/48 EMA doesn't crossover
4. Not much of a base has been established