ALC 7.25% 7.4¢ alcidion group limited

Positive quarterly update today. However, it was not a...

  1. 1,617 Posts.
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    Positive quarterly update today. However, it was not a 'trend-busting' positive and as expected it firmly bounced off the 18-19c barrier.
    Today's price action was within my forecasted technical parameters. IMO the technical signals are VERY positive for the mid-term price action, it is a sustainable technical appreciation of price. We hope technicals will be supported by positive fundamentals over the next 6-12 months.

    I expect the price to test 18-19c range again soon before falling to 14.5-15.5c and continuing within my technical parameters...

    Of course, this pattern can break at any time with fundamental news that is exceptionally positive or negative. Anything small or neutral will continue the current trend.

    DYOR

    https://hotcopper.com.au/data/attachments/2123/2123418-3a83c25c35424dcd4d833efc1c0e89cf.jpg
    https://hotcopper.com.au/data/attachments/2123/2123429-8bdc64d50cfca4198a347b6028d53a36.jpg

    Last edited by AlexisGTI: 28/04/20
 
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