Please do yourself a favour and learn about correct interpretations of chart patterns before listening to what others or I tell you on Hotcopper.
This way you can make an informed investment decision.
Head and Shoulder patterns are reversal signals.
ALK has been in a downtrend for a considerable length of time (over 2 years).
The reversal pattern that indicates a reversal of a downtrend is an inverse head and shoulders.
The following is video explains how to correctly interpret head and shoulders patterns.
The Head and Shoulders Pattern/Shape: Tutorial (youtube.com)
Alk Chart, page-2261
-
- There are more pages in this discussion • 123 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add ALK (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
41.5¢ |
Change
-0.020(4.60%) |
Mkt cap ! $250.4M | |||
| Open | High | Low | Value | Volume |
| 42.5¢ | 44.5¢ | 41.5¢ | $1.975M | 4.706M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 120993 | 41.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.5¢ | 68000 | 2 |
View Market Depth
| Last trade - 16.10pm 08/08/2024 (20 minute delay) ? |
| ALK (ASX) Chart |