Lake Resources (LKE) is a lithium miner with a market cap of over $1.3 billion. The company recently raised $39 million to help fund some of their projects in Argentina.
“The share price chart has looked very bullish over the past 12 months,” Michael said.
“The uptrend has been very sustainable because after each strong rally, the shares trade sideways to consolidate that move.
“At the end of October, there was an upside break from a symmetrical triangle.
“This led to the share price almost doubling in a short period of time.
“The shares then once again formed one of these symmetrical triangles in order to consolidate the move.
“I have noticed that volume in the past few days on the way up has been very large.
“This led to an upside break yesterday (circled).
“LKE is therefore trying to resume its previous uptrend and I now expect a strong move from here over the next few weeks or so,” Michael said.
Lake Resources (LKE)
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