ALC 3.03% 6.4¢ alcidion group limited

If you look at previous behavior and the last base ALC formed,...

  1. 736 Posts.
    lightbulb Created with Sketch. 16

    If you look at previous behavior and the last base ALC formed, we are 4 bars off in terms of length/time-frame.

    That might not mean much, but the way this base is forming should, as it's showing consolidation and accumulation within the price range and is starting to really tighten up with volume dropping right off. This is very good behavior to keep an eye on as when it pushes through resistance or off key moving averages on large volume, it shows the market sentiment and continuation of an uptrend.

    I jumped in too early last week, but expect this to setup even tighter under 10c before pushing through on large volume. If it doesn't then it may just need more time in the base before a push through.

    https://hotcopper.com.au/data/attachments/1566/1566561-6f9ebe1944d9a8a74f53799222b082e2.jpg
 
watchlist Created with Sketch. Add ALC (ASX) to my watchlist
(20min delay)
Last
6.4¢
Change
-0.002(3.03%)
Mkt cap ! $85.91M
Open High Low Value Volume
6.8¢ 6.8¢ 6.3¢ $50.78K 779.1K

Buyers (Bids)

No. Vol. Price($)
5 303193 6.3¢
 

Sellers (Offers)

Price($) Vol. No.
6.6¢ 3288 1
View Market Depth
Last trade - 15.41pm 07/05/2024 (20 minute delay) ?
Last
6.5¢
  Change
-0.002 ( 1.52 %)
Open High Low Volume
6.6¢ 6.8¢ 6.3¢ 297884
Last updated 15.56pm 07/05/2024 ?
ALC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.