ALC has formed a cup and handle at 8.6c, which is where the price has founds itself at a resistance point this morning. It is in an uptrend which has been in play since mid-July low of 3.5c.
I expect it could retrace down to the lower end of the trading range (forming the handle on the cup) before an assult through 8.6c resistance and a break towards 10c.
ALC Price at posting:
8.5¢ Sentiment: Buy Disclosure: Held
My take, happy to take critique/other views.
