RE:Good morning.6.38 * .74 = 4.72. So ALO:NYSE has simply come back down to the price of ALO:T. (As I look now after writing this note ALO:NYSE is 4.61. I don't think that changes anything)
.48, or now 4.80 has been the magic number for a looooong time now. Nothing has changed.
1.) Go to Stock Charts
2.) Click 'Free Charts'
3.) Enter 'ALO' in the field below 'Point & Figure'
4.) Click 'Go'
5.) Change 'Chart Scaling' method to 'Dynamic (ATR)'
6.) Change 'Price Objective' to 'Breakout'
7.) Click the Update button
Note where the down trend line hits 4.76. Note where the 'A' is. That's last October. Note that yesterday, when the Canadian market was closed, the price broke through that down trend line at 4.76-4.85.
Holding a price above .48 for more than a day and a stable or increasing gold price is the key. It doesn't help that we have entities monkey hammering the spot in the morning on an almost daily basis now.