ALY 0.00% 0.7¢ alchemy resources limited

NST No.1 holder (In a micro)?, page-174

  1. 1,315 Posts.
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    Weekly chart is an absolute beast - my favorite kind of setup for the next leg up.

    A long basing pattern with an initial false breakout on light volume.

    Then the next breakout (bar 1) we had a massive volume - normally we'd expect the market to test the breakout but it continued to break through the next level of resistance which later formed the upthrusts.

    This week (bar 2) the market has gone back to test the breakout and rejected the low price and today closing at current support.

    A close @2.6c and above this week will setup a good run over the next few weeks.
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