The chart below is a WEEKLY OHLC ............the DAILY I use is ''too busy''.
However, both concur the important test level (closing price) yesterday was 4.8c............the trigger line on the daily and weekly and the horizontal (lrc) resistance on the daily.
Any sustained rally would need consistent closes above both lines.
The ALC share price has been leaking down the long term median line since 03/03/17 and met the obvious horizontal support @ 3.5c. from where it bounced.
So, I would expect a range bound share price (4.8c.-3.5c.) until a break.
Just my take.
Cheers.
ALC Price at posting:
4.4¢ Sentiment: None Disclosure: Not Held
