Please do yourself a favour and learn about correct interpretations of chart patterns before listening to what others or I tell you on Hotcopper.
This way you can make an informed investment decision.
Head and Shoulder patterns are reversal signals.
ALK has been in a downtrend for a considerable length of time (over 2 years).
The reversal pattern that indicates a reversal of a downtrend is an inverse head and shoulders.
The following is video explains how to correctly interpret head and shoulders patterns.
The Head and Shoulders Pattern/Shape: Tutorial (youtube.com)
Alk Chart, page-2261
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Last
41.8¢ |
Change
-0.018(4.02%) |
Mkt cap ! $253.4M | |||
| Open | High | Low | Value | Volume |
| 42.5¢ | 44.5¢ | 41.5¢ | $1.333M | 3.160M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 24 | 252808 | 41.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.0¢ | 39056 | 11 |
View Market Depth
| Last trade - 15.09pm 08/08/2024 (20 minute delay) ? |
| ALK (ASX) Chart |