LKE has made 2 resistance breaks prior to the current pattern - so there is no reason not to think it will repeat the following spike. The current pattern broke above resistance last week and suggests a target of $1.60. The recent retracement is possibly an Elliott Wave 4 meaning the current break out is a Wave 5 - also suggesting a strong rise is possible.

LKE 11Mar22

Contact

Robert Norman

Phone: 0428 346 951
Email: robert@sharecharting.com.au

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