Usual handle percentage on cup and handle formation ( of which we experience a text book case, extremely bullish ) does sit between 8 and 20 %, depending how bullish the stock is.
In our case, very.
From our high at 1.25 we are already down 14 cents or roughly 12 percent.
My original buy in was 1.05 cents, might still go there, drying up volume is the indicator that we are nearing the bottom of the handle. Derived from Friday's volume, we are only a few days away from that to take place, as I see it.
This is actually the time to position orders as can be seen at 1.09 and 1.10.
all IMO
Ann: Quarterly Activities Report, page-35
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Last
44.5¢ |
Change
0.010(2.30%) |
Mkt cap ! $269.0M | |||
| Open | High | Low | Value | Volume |
| 43.0¢ | 46.0¢ | 42.0¢ | $600.8K | 1.353M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 21499 | 44.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 45.5¢ | 70077 | 2 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| ALK (ASX) Chart |