ALSN - Target $51

- Looks like 5 of V is unrolling.
- Retested supported and bounced up.
- Tremendous confluence found at $51.
- Tight stoploss right below $45


In general, ALSN is a good company with good short-term outlook.


{
"info": {
"close": 46.19,
"marketcap ($bil)": 6.25,
"name": "allison transmission holdings, inc.",
"sector": "capital goods",
"industry": "auto parts:o.e.m.",
"country": "united states"
},
"val": {
"peg_k": 0.10227025,
"fp2e_k": 10.42663657,
"p2e_k": 13.74702381,
"p2e": 10.08515284,
"p2bv": 10.35822259,
"p2sales": 2.53509663,
"p2fcf": 8.69782191,
"ev2ebitda": 10.25200634,
"ev2ebitda_k": 12.806875
},
"val2_k": 39,
"val2_q": 29,
"qual2_k": 41,
"qual2_q": 56,
"qual3_k": 26
}

Comment:

Bearish arguments:

- Weekly chart looks very bearish.
- Consecutive & confluent bearish divergences
- Price hit yellow trendline and bounced back.
- 2 upside long tails

Trade closed manually:

TP