Why ALK has been flagged for me, page-35

Hi keekdasneak

Firstly my apologies for missing your post a while ago. Not sure how that happened. I get pretty busy during the day so I need to come up with a better system, as I like to respond to others questions as soon as possible where feasible.

Not sure if you are still holding, however I have provided my thoughts on what I am seeing currently on both the daily and weekly charts. This is only purely from a TA perspective and does not take into account any of the current FA analysis.



On the daily chart above, volumes have dropped off after solid accumulation prior to profit taking. On the daily pls see chart for comments. A B C and D = where the stock tried hard to push through to higher levels but failed. Interestingly however at present, on the daily 33-34 has been providing a level of support. If that is to break then a retest around 30-31 may well play out, see the weekly below for further explanation...



What I see this week is indecision between the buyers and sellers. Note however, that on the weekly a 50% Fib retracement is around the 30-30.5c mark. If I had to take a punt purely on a look at these two charts, I would favor a retest of the 50% retracement level. A chance to load up with more if you are Bullish or for those new a chance for entry perhaps. Dominant Candle is still in play so I am seeing a natural healthy retracement on the back of recent profit taking. Solid stock imo.

Hope this is of some help, and if you ever want some feedback, look at where I am posting alot and feel free to drop me a quick message and I will do my best to get back to you. I dont always post on all stocks that I hold as I can be flat out managing my stocks during market days.

Cheers
GF