Skip to Content
scroll

Allkem (AKE)

$11.91
image description
What does Bull and Bear mean?

Market Matters View Point?

bear
Market Matters
bull
MM likes AKE closer to $10

OPINION

Allkem Ltd (AKE) $11.91

Lithium stock AKE has held up better than most of its peers only correcting 21% from last month’s high which is particularly impressive considering the stocks advance over the last 2-years. However from a risk / reward perspective we aren’t keen buyers until we see a dip under $10, or another 10% lower.

Read more

Allkem Ltd (AKE) $9.50

Lithium operator AKE is no stranger to volatility having experienced some significant swings over the last 6-years, the current cycles have clearly been up-down-up every two years. However with the current EV revolution gathering momentum we cannot see AKE delivering a repeat performance into 2024 however the markets stampede to ESG names over recent years has left the short term path of most pain on the downside, MM is looking for a test of the $7.50-8 region, around 25% below Januarys high.

Read more

Allkem Ltd (AKE) $9.39

AKE, or the old Orocobre (ORE) as many of you may know it, has rallied with a little less gusto than PLS over the last 12-months but not surprisingly their day to day moves are closely aligned. From a simple valuation perspective PLS is a touch cheaper and gets our vote but AKE looks to be presenting value in the $8-9 region with some brokers having AKE as their top pick. The stocks recent quarterly delivered better than expected production with solid growth from fresh operations coming through.

Read more

Allkem (AKE) $11.09

The lithium producer AKE has already become a $7bn company as a result of the  merger of Galaxy Resources & Orocobre to gain scale as the EV revolution unfolds i.e. Electric vehicles are the future of that we are confident. At this stage of the companies evolution the AKE share price is relatively speculative in nature and 20% corrections are common place...

Read more

Allkem (AKE) $8.52

The renamed Orocobre (ORE) was slapped on Monday after starting the day off firmly, the lithium space was clearly included in the high risk / beta basket which makes sense as it’s often played by the aggressive traders. The companies just been included in the ASX100 which probably contributed to the stocks squeeze above $10 but its already 18%...

Read more

Orocobre (ORE) $9.46

ORE was the main boards 3rd worst performer yesterday after it failed to add to gains following highs above $10. The stocks quickly retraced 11% as we witness yet another example of stocks encountering selling into strength or as we love to say in todays a market to “sell the pop”.

Read more

Lithium

The lithium sector has already delivered 3 chapters over the last 5-years with the respective swings dictated by optimism around the growth in electric vehicles (EV) and good old fashioned supply and demand.

Read more

Orocobre (ORE) $9.56

Following Tesla’s historic 100,000 vehicle order from Hertz the lithium / battery stocks enjoyed an understandably strong Tuesday with Pilbara (PLS) +8.1% and ORE +4% two definite standouts. Following its more than 20% correction in recent weeks MM had transitioned to a bullish stance towards ORE and the lithium sector – we recently bought PLS for our Emerging Companies Portfolio and the ACDC ETF for the Global Macro ETF Portfolio.

Read more

Orocobre (ORE) $8.33

We bought Pilbara Minerals (PLS) on Wednesday for our Emerging Companies Portfolio and on cue Thursday the whole lithium sector went for a run led by PLS +6.7% and ORE +4.5% - I wish things always went this well!. We are bullish the sector from current levels with our target for the $5.3bn joint sector heavyweight ORE initially 25% higher...

Read more

Orocobre (ORE) $8.54

ORE has been trading to the MM script in recent weeks with a marginal new high failing above $10. As suggested above, we are bullish Lithium and a buyer of weakness in the space. We would be keen to buy ORE around $8.00, most likely in the Emerging Companies Portfolio.

Read more
more

ACTION

AKE
UPDATED 03/05/2022 10:03
MM likes AKE closer to $10
Add To Hit List
AKE
UPDATED 16/03/2022 15:33
MM likes AKE around $7.50
Add To Hit List
AKE
UPDATED 18/02/2022 17:28
MM is neutral / positive AKE
Add To Hit List
AKE
UPDATED 21/01/2022 17:58
MM likes AKE into pullbacks
Add To Hit List
AKE
UPDATED 08/12/2021 16:03
MM likes AKE under $8
Add To Hit List
AKE
UPDATED 03/12/2021 17:26
AKE
UPDATED 12/11/2021 15:21
MM is neutral ORE around $10
Add To Hit List
AKE
UPDATED 27/10/2021 15:21
MM is bullish ORE targeting fresh highs
Add To Hit List
AKE
UPDATED 08/10/2021 16:52
MM likes ORE targeting a break of recent highs
Add To Hit List
AKE
UPDATED 22/09/2021 09:51
more
image description

Lithium-potassium mining company

Allkem (AKE) is a mineral exploration company looking to develop the lithium-potassium Olaroz project in Argentina. Lithium is a key component in modern battery technology which has a strong demand outlook. Formerly Orecobre (ORE)

chart
image description
Allkem Ltd (AKE)
chart
image description
Allkem Ltd (AKE)
chart
image description
Allkem Ltd (AKE)
chart
image description
Allkem (AKE)
chart
image description
Allkem (AKE)
chart
image description
Orocobre (ORE)
chart
image description
Orocobre (ORE)
chart
image description
Orocobre (ORE)
chart
image description
Orocobre (ORE)
chart
image description
Orocobre (ORE)
chart
image description
Orocobre (ORE)
chart
image description
Orocobre (ORE) v Fortescue Metals (FMG)
chart
image description
Orocobre (ORE)
chart
image description
Orocobre (ORE)
chart
image description
Orocobre (ORE)
chart
image description
Orocobre Ltd (ORE)
chart
image description
Orocobre (ORE)
chart
image description
Orocobre (ORE)
chart
image description
Orocobre (ORE)
chart
image description
Orocobre (ORE)
chart
image description
Orocobre (ORE)
chart
image description
Orocobre (ORE)
chart
image description
Orocobre (ORE)
chart
image description
Orocobre (ORE)
chart
image description
Orocobre (ORE)
chart
image description
Orocobre (ORE)
chart
image description
Orocobre (ORE)
image description

Relevant suggested news and content from the site

Back to top