Let's first take a look at the broker data for the last month.
Top buyers:UBS, Goldman Sachs, WealthHub
Top sellers:CMC MarketsIBCommSec
Interestingly, 3 retail brokers (CMC, CommSec, AIEX) are on the sell side, while 1 (WealthHub) is on the buy side.
In this case, it's better to look at the combined accumulation by the 4 retail brokers as a group. The year-long chart shows how they were accumulating during 2024, but there's a notable shift in October 2024. Retail investors started to sell, while professional investors started to buy.
Similarly, the investment banks - a group of 7 brokers (Citi, Goldman Sachs, Macquarie, Merrill Lynch, JP Morgan, Morgan Stanley, UBS) started buying in October-November and have also pushed the price up during the last 4 weeks.
Combined with the break of the falling channel, I'm preparing to buy here.
DYOR.
ALK Price at posting:
59.0¢ Sentiment: Buy Disclosure: Held
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