ALV breakout trade Long

Autoliv, Inc.NYSE

Description

⋅ Sep 15, 2023 3:16 PM

hi Traders

Let's have a look at ALV

ALV looks interesting.

We're expecting the price to surge higher.
Take a long position once the price breaks out of the triangle.

Target for longs: 110 $

If the price breaks down, we won't be looking for shorts but longs at the upsloping support (red trendline).

Good luck

Comments

RLinda

⋅ Sep 17, 2023 9:57 AM

Great publication! I think that this movement will be accompanied by some important news. So for now, I'm waiting and following the current news.

basictradingtv

⋅ Sep 16, 2023 10:41 PM

hmmm!

MyCryptoParadise_Nathan

⋅ Sep 16, 2023 7:49 PM

Great analysis on ALV! A triangle breakout is often a strong bullish signal. Targeting $110 seems reasonable given the pattern. But it's smart to also have a plan for if it breaks down—always good to have a strategy for both scenarios. 💎Mycryptoparadise 🌴

DeGRAM

⋅ Sep 16, 2023 4:37 PM

Two thumbs up 👍👍 Liked this idea

FirstNameHelen

⋅ Sep 16, 2023 1:32 PM

Great job boss !

WalterMoon

⋅ Sep 16, 2023 12:26 PM

Keep up the good work bro

LegionQ8

⋅ Sep 16, 2023 11:47 AM

Nice Technical Analysis, I agree

Solldy

⋅ Sep 15, 2023 4:21 PM

The information is detailed and quite concise. Thank you for the idea! It would be interesting to know the complete list of tools you use in your analysis.