Everything (IMO) is trending just fine. We now have a short term top that we can calculate a retracement from. If we can hold the 38-50% retrace, that will build a case for a further rally to $1-1.09 (extensions and next major confluence resistance range)
This tentative top is very healthy, it does not look like a blow-off top and the pullback is on declining volume. The topping pattern is tidy (no shooting stars or silliness like that) This is perfect for letting the indicators cool off.
Good luck all
ALK chart, page-58
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Last
48.0¢ |
Change
-0.020(4.00%) |
Mkt cap ! $289.6M | |||
| Open | High | Low | Value | Volume |
| 50.0¢ | 50.8¢ | 47.5¢ | $1.265M | 2.583M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 33546 | 47.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 48.0¢ | 1321 | 1 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| ALK (ASX) Chart |