ALK 3.30% 44.0¢ alkane resources limited

breakout?, page-4

  1. 344 Posts.

    SP has moved above long term moving average.

    Double bottom formed between June and July, a strong directional indicator

    In Elliott wave terms, it's in wave 3, coming up from the low in June 28. From a 5 year time perspective, it's also in wave 3, coming off a 1 year retracement (wave 2) that lasted for the entire 2011.

    My views only.
 
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