$ALKM recently bounced off of SMA200 and confirmed reversal with buying volume increase 8/2 imo. Personal price target, .03-.05 long term....
trend says it all.. .004s then .006s coming here imo!
Based on previous trend and multi cup/handle patterns, it appears the falling wedge will bounce off long term support (green dotted line) and re-test .0025s minimum. personal target here is .01+ long term with trading opportunities at .004, .007-.008.. imo
30min chart has provided several opportunities to load SMA200, this time we have wedge breakout happening and should break above SMA50. I'd expect significant move upward in next couple of sessions. Load SMA200 imo.