ALC
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0.00% 5.8¢ alcidion group limited

ALC - New Beginnings, page-173

  1. Ildsrud
    1,431 Posts.
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    27/10/16
    12:10
    Post #: 20163233
    upload_2016-10-27_12-10-3.png My take, happy to take critique/other views.

    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.

    upload_2016-10-27_12-10-3.png
    ALC Price at posting: 8.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 7  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

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