ALU has been coming down hard and has stopped falling right at $28.00 (Support 1) all the way from $40.00. If this support somehow breaks, then it might come down and test Trendline Support of $26.00 or even come down to Support 2 level of $24.00. In either scenario, we are very close to Support Zone and should be ready for a turn around in ALU.
My target for this trade will be the $34.00 - $35.00 zone as this is a Resistance Zone and also a High Volume Profile Zone.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade
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Support 1 at $28.00 has been held well and since then has bounced up. Expecting a continuation to the upside in the coming sessions.