gillman_hugh

$LKE $LKE.ax

Long
ASX:LKE   LAKE RESOURCES N.L.
LKE 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
Trade active:
Could not hold breakout will will eatch for more consolidation before another attempt.
Trade active:
A quick fakeout to create liquidity nad now travelling well.

target in sight.
Trade closed: target reached:
target hit
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.