minjiarui16

ACH Inverse Head and Shoulders Pattern. A bullish signal?

Long
NYSE:ACH   Aluminum Corporation of China Limited

Have seen that over the past one month, after failing to breakout successfully, ACH is back at its support of 9.80. Last Friday, we had seen that buyers are defending the price strongly. Hence, with short term uptrend being quite bullish as well as long term trends showing signs of bullishness, target price could be drawn to 11.00, where profit taking might take place again.
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