ALK 4.00% 48.0¢ alkane resources limited

XAUAUD is looking a lot more bullish than XAUUSD. XAUUSD has...

  1. 348 Posts.
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    XAUAUD is looking a lot more bullish than XAUUSD. XAUUSD has formed a head and shoulders and broken the neckline where AUD looks to be forming a bull flag with a squeezing RSI

    https://hotcopper.com.au/data/attachments/1761/1761160-ac1e3f4339577396e5f322303018c4af.jpg
    https://hotcopper.com.au/data/attachments/1761/1761162-7fad57eb105032447ed80247d5bee17d.jpg

    ALK sp seems to be forming an accumulation pennant on contracting volume, similar to the last one. The last one extended 150% to form a high at 85c, if a similar pattern is to unfold and we are to break out of the pennant around 77c, we could flagpole to a range between $1.15-$1.30, $1.35 is also the 50% ATH and will provide strong resistance.

    https://hotcopper.com.au/data/attachments/1761/1761164-1c997ecaf6e0c3c974d49a08a02619be.jpg
 
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