22/11/2020 PA - Valid rounding bottom pattern (TF1W)
Rounding bottom pattern validated after neckline broken last 2 weeks.
Last week the price has broke the resistance since 2013 with volume.
TP1 0.175
TP2 0.225
CL 0.13
1. PA is on a strong recovery trend in technical and fundamental.
2. Aluminium spot price and demand is increasing.
3. First solar (NASDAQ listed company) is their client, which is going to benefit them even more in future.
4. The price is just waking up, it will continue go up until share consolidate done, and might go even higher.
Last week the price has broke the resistance since 2013 with volume.
TP1 0.175
TP2 0.225
CL 0.13
1. PA is on a strong recovery trend in technical and fundamental.
2. Aluminium spot price and demand is increasing.
3. First solar (NASDAQ listed company) is their client, which is going to benefit them even more in future.
4. The price is just waking up, it will continue go up until share consolidate done, and might go even higher.
Trade closed: stop reached:
Target reached 0.225 before share consolidation announcement.
Due to share consolidation today 8th Feb the price will no longer reflect the old chart.
Due to share consolidation today 8th Feb the price will no longer reflect the old chart.
Stop loss 0.155