ALK 6.56% 57.0¢ alkane resources limited

Alk Chart, page-472

  1. YLJ
    819 Posts.
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    https://hotcopper.com.au/data/attachments/4233/4233636-e213e749797da2d7761cc2d0b67fa45b.jpg
    Pennant has continued nicely so far. ALK is not testing the critical level of the mid-point of
    that Ascending Triangle. Has moved into it on good volume and closed with streangth.
    That is a good sign. If it can break and hold that level. The Target previous highs &
    the target of circa 1.72 becomes much more probable.
    I will be tightening up my stop to just below the apex of the Pennant, a level I do not
    want to see broken...
    Always nice to be sitting in a trade where risk has been eliminated.
    GLTA


 
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