Hello U.......how goes the battle??.....and do LYW.
The WEEKLY lr chart from the 72c. sp high 25/09/20, to the 4.4c. sp low on 30/06/23, generated an UPPER CHANNEL range of 34c.
Onward from 30/06/23, KEY up side TP's/ RESISTANCE tests are forward looking (EXTRAPOLATED), predictive in nature, and will be (generally) MULTIPLES of that 34c. range, including range mid points.
The AL3 share price is back above the up trending 40 WEEK ema.....BULLISH!
May be some interim resistance @ 24c.
The next MAJOR tp/ resistance test, in this scenario, is 32.5c. (imo).
Cheers...and keeping in mind, when key horizontal support/resistance levels are being tested, the CLOSING price is the one that matters.
AL3 Price at posting:
17.0¢ Sentiment: Buy Disclosure: Held
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