ALK 2.44% 63.0¢ alkane resources limited

Not looking great but not looking terrible. We're still in the...

  1. 264 Posts.
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    Not looking great but not looking terrible. We're still in the typical correction range on ow volume. In fact, we could visit the 61.8 at 55c and still be looking good. I've attached a chart of a correction that looks very similar to this one before the SP continued to $2.6 just as a reminder that this is normal.

    https://hotcopper.com.au/data/attachments/1817/1817014-a4781813a6ea3e11f626511aa37f9fa4.jpg
    https://hotcopper.com.au/data/attachments/1817/1817017-4d139f059dc5492343251f0c245000b1.jpg

    This correction is mostly POG driven and it is true that ALK does have the steepest rate of descent but it also had the steepest rate of ascent prior to the correction.

    https://hotcopper.com.au/data/attachments/1817/1817019-018bcc8eb274668e4f942d2ca607e6e2.jpg

 
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