shkspr

ASTL | Informative

shkspr Updated   
NASDAQ:ASTL   Algoma Steel Group Inc.
ASTL

It formed a bull flag on the 1h chart; I expect a break-out and then hit 9.70$ as a strong resistance level and my first target price, then I expect rejection to 8$ area as my second target price.

In case of a bearish scenario, you can check the chart.
Trade closed: target reached:
Despite my expectation, the bearish idea worked. It's the reason we should follow price action, not our feelings.

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