BATS:ALSK ALASKA COMMUNICATIONS SYS GRP
Learning to use a new indicator, Fisher. I would like to thank JR and NMike for introducing me. What I see is a reversal . We have divergence on many indicators. Analyst have low expectations but they beat those last quarter making this quarter a big question mark. With some time before the next earning report, I am betting ALSK goes up from here.
Second Trough: The decline off the reaction high usually occurs with low volume and meets support from the previous low. Support from the previous low should be expected. Even after establishing support, only the possibility of a Double Bottom Reversal exists, and it still needs to be confirmed. The time period between troughs can vary from a few weeks to many months, with the norm being 1-3 months. While exact troughs are preferable, there is some room to maneuver and usually a trough within 3% of the previous is considered valid.
Occasionally, we are challenged to dig deeper.
Divergence is a rare bird on this equity between fisher and equity price but that is exactly what we have. The question is how will it be rectified. The chart above is closest recent setup matching what is in the chart today. We still need the fisher to cross to confirm an upward move. But , I believe as in the chart above we will move higher into earning on the 30th of April. After that, all bets off.