ALC 0.00% 5.8¢ alcidion group limited

ALC - New Beginnings, page-200

  1. 4,261 Posts.
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    I was one of the fortunate ones to hold RAP from 1.8c all the way up through the huge initial runs. The buying today reminded me much of RAP's 3c-8.8c run, where RAP consolidated for a short week before promptly continuing up into 13.5c. (We all know the rest of the history)

    The profuse buying, the waiting for seller volume to appear before each pip and leg up is met with large wipes and hefty daily volumes. Today's big push from 8.4c straight to 8.9 to promptly stepping aside the previous NRR 8.6c resistance point.

    These were all marks of what appears to be funds taking control and re-rating ALC while accumulating as much as possible.

    ALC has so much blue sky from this point, with some massive contracts looming and the potential inroads in Canada/NZ (Before USA).
    Last edited by stotes: 27/10/16
 
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