Hi Liepzig.
I think that descending triangle is done and dusted. For a price breakout to occur there needs to be an increase in volume which hasn't occurred. This is occurring all over the market at the moment where there is very little volume because of Europe so the patterns can be forgotten.
Hi UTSStudent
Unfortunately the shorts can cover off market. There are very few short squeezes that I have seen but maybe this time it can occur.
short positions, page-35
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Last
41.5¢ |
Change
0.015(3.75%) |
Mkt cap ! $250.4M | |||
| Open | High | Low | Value | Volume |
| 40.0¢ | 41.5¢ | 39.5¢ | $246.5K | 608.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 18344 | 40.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 41.5¢ | 33528 | 3 |
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| Last trade - 16.10pm 27/08/2024 (20 minute delay) ? |
| ALK (ASX) Chart |