daytrading dec 16 morning, page-2

ALT looking good to continue its break up
For those that missed my post on weekend here's why I think it's headed towards 4c on this move

Firstly it's worth noting that the Fibonacci levels are in play because when completing its ABC move 2.37c was the 61.8% retrace level and the stock held this hardly trading any volume at 2.3c and I know because I had a buy in at 2.3c and didn't get any volume

To get projections for the next leg up we must use the following
A = 1.8c
B = 3.3c
C = 2.3c

Here are the projections
61.8% = 3.23c
100% = 3.8c
161.8% = 4.7c

I'm expecting a push towards 4c just over the 100% level
Dcob is just using the 100% level as his target
Either way should be a good week for ALT