carlyang

#ALU in trouble

Short
ASX:ALU   ALTIUM LIMITED
Following the release of results, the market has responded negatively to the news. We've since lost the 200 daily SMA . The SP is sitting at a crucial support/resistance zone (on previous 8 occasion). If this level does not hold, we could see the SP fall further to the 2 levels I've indicated. The latter being a potential gap close.
Trade closed: target reached: First target achieved