GOOD MORNING! Nice to start the morning with ignoring 4 baiters haha! If my analysis is rubbish feel free to ignore ME? Save yourself the pointless post...I believe less is more.
ALC TECHNICALS:
My probable upside pattern I have spotted is the classic DOJI at a real key technical level. Doji's indicate reversals and many people wait on the next day for confirmation. I personally like buying the DOJI day however I took eyes off the stock from 3pm to 4pm missing the candle formation.
Today, I may consider taking another entry as I believe this has the make-up for the 23c+ retest. Signs of early volume especially a wipe of 20c sellers would indicate very bullish moves coming ahead in the short term.
We've already washed out a good 5+M in volume from the 18c capital raise. If all progresses well we won't be seeing prices going much lower IMO.
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Just look at all the bottoms it's had at 19c? 1 pip higher than C.R levels. The buyzone is heavily congested meaning pullbacks would be hard and just as hard to get a fill depending on where you're queued.
Confirmed breakouts = stocks that pull back into PREVIOUS resistance levels, that are showing signs of acting as new support. When these levels hold, they reclaim previous highs creating a new breakout. ALC DISPLAYING THE PATTERN now it's a waiting game for the NEWS CATALYST of Buy The Rumour Sell The News ie acquisition/partnership to come very soon
GOOD LUCK HOLDERS!![]()
ALC Chart, page-3921
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Last
7.2¢ |
Change
-0.003(4.00%) |
Mkt cap ! $99.34M |
Open | High | Low | Value | Volume |
7.2¢ | 7.5¢ | 7.2¢ | $21.10K | 284.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 298064 | 7.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.5¢ | 2928 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 298064 | 0.072 |
1 | 14084 | 0.071 |
2 | 185000 | 0.070 |
3 | 343055 | 0.069 |
7 | 649801 | 0.068 |
Price($) | Vol. | No. |
---|---|---|
0.075 | 2928 | 1 |
0.076 | 39480 | 1 |
0.077 | 24187 | 3 |
0.078 | 80000 | 2 |
0.079 | 8000 | 1 |
Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
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