ALK 4.55% 46.0¢ alkane resources limited

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  1. 5,184 Posts.
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    Chart does indeed now supports a break of 1 dollar, my original target.

    Will hold off until then.
    Still 25 % of holding to purchase back again, but there seems no rush right now.

    Markets indeed wabble, it is tech which drove the rally and it will undo it.
    In full swing on the Hangseng today.


    The ongoing lockdown situation in NSW with cases increasing and hospitalization on the rise, further delays might be forthcoming.

    In heindsight, 1.25 seemed to the top to me and triggered 30% selling.
    Bought back 5 % around 1.13.
    Will wait until this downward momentum stops.


    If market corrects strongly, so will gold, albeit briefly, after that it should rally.

    all IMO
 
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