Alkane Resources (ALK)

Discussion in 'Stocks & Derivatives' started by scott_reeve, Jul 23, 2017.

  1. scott_reeve

    scott_reeve Active Member

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    Solid report last week, reflected in its SP movement:

    [​IMG]
     
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  2. ghost rider

    ghost rider Member

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    I got into it. Not too much action yet. How about BUB I got on it at 46 been like a rocket.
     
  3. scott_reeve

    scott_reeve Active Member

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    ALK building momentum

    [​IMG]
     
  4. scott_reeve

    scott_reeve Active Member

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    ALK chart update:
    [​IMG]
     
  5. scott_reeve

    scott_reeve Active Member

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    ALK had a big week:

    [​IMG]
     
  6. openeyes

    openeyes Well-Known Member Silver Stacker

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    Any thoughts on ALK today
     
  7. scott_reeve

    scott_reeve Active Member

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    ALK, like many gold stocks currently is down trending on the charts (since mid-Oct). It failed to hold Support around 69-70c. No short-term bottom has presented itself yet.

    This often happens with stocks that have a bit of euphoria (which happened after ALK announced the potential for a porphyry deposit). Look at STX/WGO charts now drift, even though they have confirmed one of the largest gas deposits found onshore in Australia. The euphoria has worn off and the charts have topped and Stage 4 declines look set to gather momentum.
     
  8. openeyes

    openeyes Well-Known Member Silver Stacker

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    Thank you for your thoughts. Used to have this stock at 25c. Sat there for so long I gave up. I don’t think it will return there unless their current discoveries turn sour.
     
  9. scott_reeve

    scott_reeve Active Member

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    ALK chart update:
    [​IMG]

     
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