Alkane Energy - Back to 100p
Says Zak Mir of Zaks-TA.com
The stock market is full of hyperbole, especially from tipsters. I chanced upon Alkane Energy today and my immediate reaction was that it is the best stock chart I have ever seen.

This may sound somewhat melodramatic, but I do not think that it is an exaggeration. As all traders know (including Nick Leeson if you are reading), the way to make real money is by betting the bank on the really big calls. That is the aim of my site. Nick, if you're still there, now is the time to go long of Alkane Energy - it has to be a better bet than a Nikkei arbitrage.

Although a chartist is fully allowed to ignore the fundamentals and look purely at the technicals, the fundamental background to Alkane is a company that declared losses of 284,000 pounds in its last set of results versus 20 million pounds in the previous year. This is a great recovery situation just in financial terms and the hopes of the bulls are carried in the form of a very extended base on the chart below 20p that was in place for nearly three years. The charting rule is that the longer the base, the bigger and more powerful the eventual breakout. This would imply that we are looking at the possibility of a full return to the highs seen at the start of the decade towards 100p.

Only an end of day close below the 10 week moving average on the weekly chart at 19p would even begin to cast doubt on the upside. The minimum expected target in the near term would be the 40 week moving average now running through 40p.

i'm keeping alk long term sitting on a hefty loss- but a long term hold for me!.

Thanks for the site Lizard some far more in-depth info on there they also have a lot more coverage for my largest stock Catalyst Media which I found extremely enlightening seen as only 2 other people seem to only just have it on there radar well worth a look my friend.

Alk look like they are getting somewhere at last thanks for talking me out of bailing at 23.5p very glad I didnt now but D day is upon me soon to pay 10k to brokers so I have to decide what to keep but at least I have over the weekend to stew on it.

Over & out

Keysersoze

about bloody time folks!!!!!!!!!!!!

is this a bounce pre there german results no news today only another 50% be back to my 46p buy price.

favourable write up in saturdays telegraph tips alk as an alternative energy provider.

hope gordon browns speech regarding input into cleaner coal technologies stands for the future and we get better legislation in the uk in line with how germany is now set up.

positive write up in this weeks IC.

fundamentals looking positive for alkane recently. increasing energy prices fears of supply levels and worstening temperatures.

should see a better second half!.

LIZARD

when are the next figures due out???

will find out eggbert get back to you-

apparently tipped in todays IC journal.

good,good.

i think all these problems with supply in russia ukraine will lift energy prices further which should benefit alk- i hope to see some interest next week. lets hope a few new investors saw recent ic article and want in?.

Should be a good short term bounce.In the bigger picture Western countries will have to look at home grown energy sources. Firms like Alkane good really grow if their business was taken more seriously.

You never Know one of the big boys may even come in for them.I think i read AMEC were changing tak,to specialize in energy.They are obiously eyeing any new Nuclear projects but a firm like Alkane could produce massive worldwide growth with the right backing.

P.S. Lizard did you find any info on figures.I cannot find anything on their webpage.

Lizard,

Results are 24 March,AGM ia 25 April.

cheers eggbert, positive start today so far. lets hope we can break forties soon.

i suppose most small buyers on back of ic tip.

It will keep bobbing around until some solid figures come out.

50p is the first real target.

nice if we could break 40p first eggbert. looking ok today so far.

i think alk tipped in money week anyone seen the article?.

It had a solid week.A good start tommorrow may see it push for 50p.If Alk grows steady without any news and then releases good figures we could see a total re-rate.