ALK trend continuationHey team,
looking at a complete wxyxz pattern. with the start of the upside beginning now, picture perfect for break of previous high
Next report date
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EPS estimate
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0.02 EUR
11.00 M EUR
107.66 M EUR
414.39 M
About ALKANE RESOURCES LIMITED
Sector
Industry
CEO
Nicholas Paul Earner
Website
Headquarters
West Perth
Founded
1969
ISIN
AU000000ALK9
FIGI
BBG000DCV1Z3
Alkane Resources Ltd. is an Australian gold production and exploration company, which engages on exploration and mining of gold, copper, zirconium, niobium and rare earths. Its major projects include Tomingley Gold Project, Northern Molong Phrophyry Project and Other Exploration Prospects. The firm produces and develops zirconium-hafnium, niobium-tantalum, yttrium-rare earths, gold, silver and copper deposits. Alkane Resources was founded on May 13, 1969, and is headquartered in West Perth, Australia.
ALK potentially setting up to repeat previous price actionALK on the ASX could push higher into resistance and repeat a previous setup.
Could resolve down but the Weekly chart is holding up nicely.
Bottoms In?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.
ALK.ASX_Breakout Trade_LongENTRY: 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 progre
$ALK.asx - Price is testing flip zone, looks good for a breakout$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, 38.2% Fibs tested and Held, Worth Keeping a watch $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...
$ALK - ALKANE RESOURCES - Broken through resistance on newsALKANE 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 stock
Retracement over ?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.
Possible wave 3 completeWhat 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.
Alkane Resources Ltd a source of Rare Earth exposureIndicators 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
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The current price of AK7 is 0.30 EUR — it has increased by 2.07% in the past 24 hours. Watch ALKANE RESOURCES LTD stock price performance more closely on the chart.
Depending on the exchange, the stock ticker may vary. For instance, on GETTEX exchange ALKANE RESOURCES LTD stocks are traded under the ticker AK7.
AK7 stock has risen by 0.68% compared to the previous week, the month change is a 7.25% rise, over the last year ALKANE RESOURCES LTD has showed a −17.78% decrease.
We've gathered analysts' opinions on ALKANE RESOURCES LTD future price: according to them, AK7 price has a max estimate of 0.75 EUR and a min estimate of 0.36 EUR. Watch AK7 chart and read a more detailed ALKANE RESOURCES LTD stock forecast: see what analysts think of ALKANE RESOURCES LTD and suggest that you do with its stocks.
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Today ALKANE RESOURCES LTD has the market capitalization of 195.47 M, it has decreased by −6.74% over the last week.
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ALKANE RESOURCES LTD is going to release the next earnings report on Feb 20, 2025. Keep track of upcoming events with our Earnings Calendar.
AK7 net income for the last half-year is 3.27 M EUR, while the previous report showed 7.66 M EUR of net income which accounts for −57.35% change. Track more ALKANE RESOURCES LTD financial stats to get the full picture.
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