Thoughts on the Support/Resistance levels. And Double Bottoms popping up in the AKE chart, signalling a imminent reversal? Maybe.
So there was a double bottom of the Green Support line in Oct with us riding up to the ATH of $16.20+
Currently we have a double bottom forming on the Red Support/Resistance Line, possibly signalling a reversal of the short term down trend. To Confirm this new Uptrend we will need to break the Yellow line at $14.10 area which had historical resistance in late May and shown support in November.
Let me know your thoughts, im a novice at Tech Analysis. ALL IMO, DYOR, NOT ADVICE.
AKE Price at posting:
$13.05 Sentiment: Buy Disclosure: Held
