Peet_Serfontein

ALLE: broadening pattern

Long
NYSE:ALLE   Allegion plc
The broadening pattern remains of interest for a speculative trading opportunity.
A price action above 98.50 supports a bullish trend direction.
Further bullish trend support above 101.00.
Consolidation price range from 100.00 to 102.50.
Crossing above the 102.50 resistance level might target 106.50 and beyond.
Crossing below the 100.00 support level might be the first sign of pending weakness.
The lower panel also indicates a change in trend direction to bullish .

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