AWC 0.00% $1.45 alumina limited

My post back in Aug 20 was a 'fail'. While it looked like AWC...

  1. 306 Posts.
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    My post back in Aug 20 was a 'fail'. While it looked like AWC was moving up strongly from a significant low and had made a new uptrend etc. immediately following my post, price fell for several weeks (Murphy again!). Price recovered and then fell into another downtrend.
    Looking at the price action over the past 12 months, it seems to have formed a price channel and is currently at the top boundary of said channel, making another new uptrend in the process.
    Trading stocks making this sawtooth pattern can be difficult to predict but I'd be expecting price to roll over and fall back to the lower boundary again around $2.00 but it could possibly keep rising to $2.40 before the predicted retracement.
    More of a traders stock than a long term hold.
    https://hotcopper.com.au/data/attachments/3699/3699748-f341539ebb5850b7c50609491af9b29e.jpg


 
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Currently unlisted public company.

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