ALY 0.00% 0.7¢ alchemy resources limited

Updated weekly chart Nothing much to add apart from the circled...

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    Updated weekly chart

    Nothing much to add apart from the circled bar at the far left that I was talking about which formed the current support line...
    ALY.PNG

    Daily chart gives interesting insight...the last bar has very small spread and minimal volume which confirms the support line...

    At the start of the week Bar 1 had a breakdown but failed to generate more panic selling as seen in Bar 2, where it had similar volume with previous day, which suggests some hidden buying.

    Then Bar 3 breakout back into the previous trading range - though not significant volume, the market went back to test the support line yesterday with tiny volume.

    Based on the observations above, there's a very good chance we could see 3c next week - not guaranteed but very high probability.
    ALY daily.png
 
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Buyers (Bids)

No. Vol. Price($)
12 10459854 0.6¢
 

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Price($) Vol. No.
0.7¢ 766366 5
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Last trade - 16.12pm 22/11/2024 (20 minute delay) ?
ALY (ASX) Chart
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