ALK 2.30% 44.5¢ alkane resources limited

ALK chart, page-238

  1. 423 Posts.
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    A bit of stopping volume came in yesterday. Given the bullishness of the supply absorption pull backs should be fairly light as it takes some time to re-absorb the supply at 82c now. 79.5 or 75c seem the likely levels for buyers to step in. Absent a fundamental reason (poor announcement etc) it looks like the supply around 66c is all gone for now.

    https://hotcopper.com.au/data/attachments/1964/1964608-afde8168502fabfb8959b5f23f84cc9c.jpg
 
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