ALM 0.00% 0.8¢ alma metals limited

technical (hate to say it)

  1. 3,091 Posts.
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    there is a chart pattern present here now that looks like it may draw price down to 12 - 12.5c . The only good thing with these patterns is that they finally kill off the dominant trend - which in this case has obviously been down for some time. I'm hoping the move doesn't occur but it does look a little ominous to me. If and when it tags this lower level though, a reversal would be expected with a typical upside breakout target then aligned to 25c in reasonably quick time. Like I said I hope it doesn't happen, but .... !!!! E.
 
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