Agree Chaddy, can you have a chat to my wife please? She is...

Agree Chaddy, can you have a chat to my wife please? She is still reminding me of my famous last words when I said participating in the last capital raise was a 'no brainer'.

In all seriousness though, while you would think that yesterdays share price has to be near the bottom it is certainly possible that we could see a return of the single digit. This could be followed by a period of sideways movement if the general market conditions remain turbulent.

At that point I will be more confident there is stronger resistance at the bottom. And if the pattern plays out as it has in the past for ALC, the golden cross technical indicator has worked a treat for me as a cue to buy more, signalling that a prolonged downward trend has run out of momentum.

For now, and until we see a big contract land, Mr Death Cross reared his ugly head in December 2021 and won't go away.