ALU has been in a consolidation range for some time. Two options here in my view:
1. Buy at the trend line and move back up to top of consolidation range or
2. (Maybe the more safe option) Wait for retest of bottom consolidation range down near $30 round number
Here's my trade set-up today $ALT Altium Ltd (ASX) long 480 units at 20.79 off this support level which has been holding up well so far. I've been playing these most recent s/r swings and making nice gains so happy to go in again. The only negative is the fact that the market in general have been very volatile (dumping) and as such, increases the risk on this...
