Been reading recently the theories and predictions from those who follow charts. From what I can gather ALC's share price recently has tended to do the opposite to what many who follow charts believed would happen.
I am a simple guy who tends to believe that a share price will usually rise on the back of good news and ultimately if there are more sellers then buyers then the share price will probably go lower on the back of no news.
If ALC can announce to the market that they have infact delivered another contract then we have a reasonable chance of going higher irrespective of what the chart may or may not say.
A major player who wants to get involved with this story and is prepared to buy and hold their stock for the next year or so without flipping it out for a half a cent profit will also provide the opportunity for a higher share price.
Right now, those are the two critical ingredients that are required in my opinion. Without them ALC will not be enjoying the 10c plus that some chartists are suggesting.
Just my thoughts.
ALC Chart, page-215
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