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.

Alkane finally gets some good press!It has strong opposition for a new plant to be built near Wetherby.

People dont seem to understand that the Methane gas exists (and is a much bigger problem) even if Alkane do not burn it.

I'm surprised Alkane haven't been able to raise more money on the back of those results, another 10 million quid at 18p to 20p would speed things up a bit.

may see a merger or acquisition. as mentioned in results.

barclays increasing rns.

i like it how no one defends alkane to hangon - you just breeze past the comment and pretend you never heard it - IMO a bad idea.

what?.

if your clever enough to use the internet then my comment is extremely easy to undersand. Even hangon himself should support me here.
I apologise if you are in any way retarded and unable to comprehend my statement.

first ever profit for the company delivered at recent results and the sp slides continuously -beyond belief.

Technical problem lizard, I don't think it will be resolved until 27th April.

canada- operations techncial problem i take it can you tell?.why the 27th?.

Nothing to do with alk, Hargreaves Lansdown flotation. 350,000 active sellers, raising funds for 27th April.

had a few more today!. very positive step first ever profit @ recent results.

someones buying.

I'm selling, moving into itm, lovely little company, ****all turnover, 1.9 million loss, only 125p to buy.

good luck!.

deal done.- good.

on the move some good volume again.

any other holders out there. think this is a big step for alk. more deals perhaps.

ALK has signed a deal to sell Carbon Credits and the review of the past 7 years operations is being done to calculate the VER for sale to companies which overproduce CO2. With continous plant operations and growth of methane recovery systems the carbon credit sales will be welcome income for ALK.

Also the refinancing of Pro2 (Germany) must be nearing completion which will further allow expansion in Europe.

positive few months for alk. shame the city has not picked up on it.