This has been trading in a falling channel, my main question was to explore if it’s bottomed or not before entertaining a long position. The rounding shape & double bottom gives this a high probability so rather than visit the channel bottom I now expect this to move to the channel top next at 1.93p. Let’s revisit if this breaks.
ALGW HAS STOPPED GOING DOWN. MANAGED TO ABOVE MA'S, CCI RSI TURNING UPP, BROKEN 38.2 AND PREVIOUS RESISTANCE (WAS SUPPORT) I THINK THIS COULD GO ON A RUN.