Alkane Exploration

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Open/close reversal confirmed for Alkane Exploration signalling the sellers have lost commitment

[BEARISH WEAK]: Alkane Exploration opened in the upper part of daily range at 80% & closed in the middle part of the trading range at 40%. This suggests the sellers have lost commitment. Over the last 12 months there has been 2 trading days with the opening price in the upper shadow & the closing the price in the middle shadow giving a confirmation ratio of 0.8%. Over the last month there has been 2 trading days with the opening price in the upper price range & the closing the price in the middle price range giving a confirmation ratio of 14.3%.

Daily trading performance for ALK has initiated a short term downtrend

Daily trading performance for ALK has initiated a short term downtrend

[BEARISH]: Alkane Explorationsellers are keener than buyers and are driving the price down. This is the first day of price decline for ALK adding strength to a downtrend change in the first timeframe. The biggest downward movement this month has been -7.5 & the greatest daily negative change this year has been -97.7. The longest consecutive downswing rally over the last 12 months has been 4 days giving a total rally downward movement of -105.3%. This quarter, the largest downswing rally has been 1 days giving a total rally downward movement of -7.5%. The loss ratio for price decline in the first timeframe for the last 12 months is 0x giving a total win/loss ratio of 1x. Over the last month the average daily downward movement has been -2.000000%

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