The distance between the head and neckline is the most used measure for this pattern.
This particular pattern is fairly shallow in structure and these don't tend to perform as well as steep patterns.
Having said that I calculate the target price to be .98
Alk Chart, page-1342
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Last
52.5¢ |
Change
-0.025(4.55%) |
Mkt cap ! $316.8M | |||
| Open | High | Low | Value | Volume |
| 53.0¢ | 53.5¢ | 52.5¢ | $388.9K | 735.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 144343 | 52.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 53.5¢ | 94773 | 3 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| ALK (ASX) Chart |