Alk Chart, page-1465

ALK trading chart - an interim target of $1.35. Still in target setting mode which requires a 3 point reversal.
If ALK continues vertically to above $1.15 then all target bets are off and a reset becomes more likely after sideways/down action.
The breakout is obvious therefore rising trend dominant.
The column with the blue box is the one to set targets. Note how the previous 2 targets failed, same as many other stocks that informed me that the sector was sideways at best or bearish.
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Short term chart interesting and much more consistent.
Nice little pennant has formed close to trend/support.
The only thing to watch is that a 3 point reversal on the chart above will break the trend on this chart from the current position.
I am expecting a burst higher then the capping off (target set) on the chart above without trend damage on the chart below. Typical bull sector action.
Will probably place a bid today depending on how the sector responds to Friday nights move.
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