ALK on the ASX could push higher into resistance and repeat a previous setup. Could resolve down but the Weekly chart is holding up nicely.
Looks like this has bottomed - We have yet again the reliable ML touch then space created on a lower low (indicating price is reversing) - I expect this to do quite well mid-long term.
ENTRY: 1.130 SL: 1.025 TP: 1.255 - ADX>20 - Daily RS +ve - Daily FFI +ve - Weekly RS +ve - Weekly FFI +ve - Moving averages are aligned - First breakout with high volume on 28 Feb 2022 from down-trendline - Second breakout today with high volume - Once clear another down-trendline, it should progress its uptrend
$ALK.asx - Price is testing flip zone after making rounded bottom, looks good for a breakout IMO Took a position, Let's see... GL! Please ALWAYS DYOR First!
$ALK - Daily, Price is at confluence levels, after 38.2% Fibs level was tested twice and Held, Bullish Hammer candle forrmed at around pivot level Indis are turning up...Worth Keeping a watch IMO Please DYOR first...
ALKANE RESOURCES - Broken through resistance on news On Friday it had a good run and closed up near its daily high after breaking through a previous resistance area. Has some good market depth in the order queue and looks like some additional volume (ie interest) coming through as well. Gold stocks could also become more interesting depending on how the economy...
After moving down to the 61.8% fib level, the price consolidated and is now breaking out of the trendline. Presents a good trading opportunity if volume persists.
What a great trade this was well done if you caught the move when i posted...as we see now it's probably the end of the wave 3 and we go down to form wave 4 before taking off again...let's see if this can play out for a possible re entry.
Indicators have reset and have a bullish setup after a retrace from some profit taking. P/E ratio 15 Company profile Alkane Resources Ltd. is a multi-commodity mining and exploration company. It focuses on gold, copper, zirconium, niobium and rare earths. The company produces and develops zirconium-hafnium, niobium-tantalum, yttrium-rare earths, gold, silver and...
Pretty pretty, with strength in the background
Very good signs here looking to test our old high on the green resistance and stay above our curve.