ALC Chart, page-3921

GOOD MORNING! Nice to start the morning with ignoring 4 baiters haha! If my analysis is rubbish feel free to ignore ME? Save yourself the pointless post...I believe less is more.

ALC TECHNICALS:
My probable upside pattern I have spotted is the classic DOJI at a real key technical level. Doji's indicate reversals and many people wait on the next day for confirmation. I personally like buying the DOJI day however I took eyes off the stock from 3pm to 4pm missing the candle formation.

Today, I may consider taking another entry as I believe this has the make-up for the 23c+ retest. Signs of early volume especially a wipe of 20c sellers would indicate very bullish moves coming ahead in the short term.

We've already washed out a good 5+M in volume from the 18c capital raise. If all progresses well we won't be seeing prices going much lower IMO.



Just look at all the bottoms it's had at 19c? 1 pip higher than C.R levels. The buyzone is heavily congested meaning pullbacks would be hard and just as hard to get a fill depending on where you're queued.

Confirmed breakouts = stocks that pull back into PREVIOUS resistance levels, that are showing signs of acting as new support. When these levels hold, they reclaim previous highs creating a new breakout. ALC DISPLAYING THE PATTERN now it's a waiting game for the NEWS CATALYST of Buy The Rumour Sell The News ie acquisition/partnership to come very soon

GOOD LUCK HOLDERS!