ALT looking good to continue its break up
For those that missed my post on weekend here's why I think it's headed towards 4c on this move
Firstly it's worth noting that the Fibonacci levels are in play because when completing its ABC move 2.37c was the 61.8% retrace level and the stock held this hardly trading any volume at 2.3c and I know because I had a buy in at 2.3c and didn't get any volume
To get projections for the next leg up we must use the following
A = 1.8c
B = 3.3c
C = 2.3c
Here are the projections
61.8% = 3.23c
100% = 3.8c
161.8% = 4.7c
I'm expecting a push towards 4c just over the 100% level
Dcob is just using the 100% level as his target
Either way should be a good week for ALT
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