nailed it mate.

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Antipater_100

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16/08/21

14:17

Post #: 55324217
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Originally posted by Surges: ↑

Few points to recent TA.
Run up to 1.25 cents ( my sell target was 1.20 when I bought at 70 cents, when I offloaded 35 %, as stated at the time here on HC ) was coincidentialy timed with debt facility and Noosa mining conference.
60% run up in price was advertised at conference, so shorters were used to drive up price to make that target.

Price fall off after that height with drop to 1.08, to regain immediately on high volume, then pump to hit 1.19 twice on lower volume indicated pushed price to sell down into, which worked.
Both times price retreated from those advances.

The low volume retreat to 1.03 prior to TH was not a good sign either.

My original approach was a cup and handle, which is now broken. That broke prior to the TH, in my opinion as the usual percentage retreat was exceeded in the handle.
That could have been attributed to the 70 dollar market retreat on PoG, but share should have been more insulated from that shock with news so close around the corner.

I decided to offload my parcels purchased over 1 dollar on those two fake rallies to 1.19 mentioned above.

Risk evaluation tells me to take a step back and let this find its new trading range in the absence of a positive cup and handle formation and break out North of 1.25 cents.
If price falles below 95 cents, it breaks Fib level which I will see as additional trigger to sell some more.

all IMO

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nailed it mate.

ALK Price at posting: 95.0¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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(20min delay)
Last 50.5¢		Change -0.010(1.94%)		Mkt cap ! $304.7M

Open	High	Low	Value	Volume
50.5¢	51.0¢	50.0¢	$485.3K	959.1K

Buyers (Bids)

No.	Vol.	Price($)
6	381272	50.5¢

Sellers (Offers)

Price($)	Vol.	No.
51.5¢	28090	2

View Market Depth

No.	Vol.	Price($)
6	381272	0.505
7	197448	0.500
4	34924	0.495
2	52040	0.490
5	70360	0.485

Price($)	Vol.	No.
0.515	28090	2
0.520	20000	1
0.530	43061	3
0.535	10489	3
0.540	37514	3

Last trade - 16.10pm 27/06/2024 (20 minute delay)

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nailed it mate.

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nailed it mate.

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