chart & chat, page-1885

At the moment ALC has reached a very important inflection point from a TA perspective, a point which we have only seen 2 other times since 2019.

As holders would see on the daily charts there can be huge daily fluctuations in the SP but the weekly charts generally show a clearer picture of what is happening.

The below chart shows the weekly MACD crossing to positive territory in the last few weeks not only has it crossed it is also showing a very strong RSI. Both of these indicators were present in March 2019 and November 2020 as shown by the Green arrows for the MACD and Blue arrows for the RSI.

In 2019 after the MACD crossed positive on the weekly the share price rose from 4c to 29c (x7), in 2020 when the macd crossed positive the SP went from 12c to 47c (4x) we have actually started this run from 10c so time will tell where we finish but as illustrated by the financials we are in a much stronger position not just financially but also we have a much deeper penetration through the NHS, Australia and NZ and this is arguably the most exciting time for the business at a time where digital revolution especially in health care is at the forefront of discussions.

Investors have an opportunity to enter now at the same price that was paid in late 2019 and to make it even better this is a time when the technical and fundamental analysis are lining up which can extremely exciting to watch as we can see below by the previous runs after the MACD has crossed positive.

In todays climate a business that is cashflow positive is important but to have the growth which we are seeing is exceptional with $28.3mil of revenue already booked and strong pipeline of work this is the time to be entering.

ALC has $17mil in the bank and a clear statement they are not looking for acquisitions means investors can no longer enter through a CR and will need to purchase on market weather they be small retail or large institutions

I think we will have the momentum to have a continue uptrend for the coming months, should the $10-$20mil contract with Siliverlink in it land in that time then a sustained upwards trend will be very exciting as the continued trend of the two previous peaks puts us quite high and sometimes the TA takes over from the FA at that point as we have seen previously

Feel free to share this image below on other feeds to get the word on ALC out there