hi TnC2
its just observing for support, resistance channels, indicators, and volume.
Share price was up against the top of the channel. Everyones view is different, but today the share price could have dropped like it had previously around 12th December, and the indicators would turn back down again. And then people sell and down it goes.
But the volume was dropping and the share price was dropping, and then this recent rise is on increased volume. and market sentiment is up and indicators are up and this time its pushed through and gone higher. And there are some that buy the break and others follow and up she goes
now there is horizontal resistance at 48 cents and a double top (resistance) at 64 cents. if it gets there its time to watch if if pulls back, consolidates or pushes through and backtests.
now this is just my simple view. there are plenty of other views. thats what makes the market.
updated daily chart:
ALkane Action, page-364
-
- There are more pages in this discussion • 20 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add ALK (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
47.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $284.1M | |||
| Open | High | Low | Value | Volume |
| 47.0¢ | 47.5¢ | 46.5¢ | $295.7K | 630.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 55783 | 46.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 47.0¢ | 91059 | 1 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| ALK (ASX) Chart |