Critical Support Level for LKE
מעודכן
Lake 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.
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.
הערה
A stop loss would have had you out of this trade to look for the next setup. You can see the double bottom @.41c led to an impending rally back to the support line (now resistance level) @.63c. Not a good time to enter here without news or a market rally from here. Look for the next setup.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.