We are on the dawn of a new trading day / trading week / trading range for ALC
Last week saw the shackles of pre-RTO sellers break free. There was a monstrous level of volume throughout the week and a wave of fresh longs have entered the stock for the beginning of what will be a sensational run for ALC
The first ST target is clearly the post-RTO high of 6.8c & then its blue-sky beyond that and the clear physiological resistance will be the 10c figure beyond that.
The register was already super-tight upon relisting with 70% held by 4-groups of LT-investors leaving 180m (30%) of shares in the free-float.
This has only tightened further over the last couple of weeks with long-term speculative investors (like myself) joining the register & followed by a HUGE VOTE OF CONFIDENCE by the new director - BL - who bought 2m shares upon joining!
Bring on the trading week!!
We are on the dawn of a new trading day / trading week / trading...
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