ALK 0.57% 43.8¢ alkane resources limited

SP has moved above long term moving average.Double bottom formed...

  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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