Australian (ASX) Stock Market Forum

AKE - Allkem Limited

Will it repeat the last two run ups ??

(weekly - click to expand)
AKE W 251023.png
 
AKE's been in the dog house for a while. $16 to $9... Obviously lithium going from 600K to sub 100K is not favourable to good price action. Not sure how the new company, Arcadium, is going to go. Might all be reliant on a consolidation of the lithium price and a turn around.

Not sure about the name either. Arcadium? Maybe they like Red Hot Chile Peppers.

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B careful with AKE, as everybody knows the Livent Deal should conclude later this month, that event will prob cause another ST pullback....
AKE's current Support Lines are at abt $8.50, then $5.85, then $3.22....
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that's my opinion - but, as usual DYOR...
 
On January 5th, 2024, Allkem Limited (AKE) was removed from the ASX's Official List in accordance with Listing Rule 17.11, following implementation of the scheme of arrangement between AKE and its shareholders in connection with the acquisition of all the issued capital in AKE by Arcadium Lithium plc.
 
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