$ALUwow!!
no idea about the AF
BUt that looks like it's popped to top of channel
MM from cahnnel hit
further targeet $80 v possible
but v overbought watchy
ALU.ASX_Range Breakdown_ShortENTRY: 30.60
SL: 31.85
TP: 28.91
- ADX>20
- RSI>30,RSI<50
- Daily RS -ve
- Daily FFI -ve
- Weekly RS +ve
- Weekly FFI -ve
- Price action looks like rejected monthly and yearly CPR.
- Breakdown from range with high volume today. Would like the volume to be higher.
ALU - Trade PlanALU slumped hard but there could be another opportunity to buy it. It has closed the gap now but looks like it may consolidate a bit before going higher. It is currently forming a Bull Flag which is a very Bullish sign. My second scenario on this is that it may fall further towards the POC of Volum
ALU.ASX_Range Breakout Trade_ShortENTRY: 24.88
SL: 27.75
TP1: 23.11
TP2: 19.77
- ADX>20
- RSI<50, RSI>30
- Daily RS -ve
- Daily FFI -ve
- Daily MACD -ve
- Weekly RS -ve
- Weekly FFI -ve
- Weekly MACD -ve
- Breakout from range but prefer higher volume
Trendline is broken so we are headed downIt might be a good opportunity to buy on one of these levels. Lets see how it pans out.
ALU - Trade PlanMy Trading Bias for ALU is bullish as it has been coming down hard and has stopped falling right at $28.00 (Support) all the way from $40.00. It is also the Fib retracement level of 78.6%. I think ALU should move higher.
TP - $33.00 (potential gain 15%)
Stoploss - $27.40
Please note these are my o
ALU - Has it found Support?ALU has been coming down hard and has stopped falling right at $28.00 (Support 1) all the way from $40.00. If this support somehow breaks, then it might come down and test Trendline Support of $26.00 or even come down to Support 2 level of $24.00. In either scenario, we are very close to Support Zon
buy zone $32.00 - $33.00 - good for long termlooks very promising, very strong fundamentals, team and Fortune 500 customers.
I would rather wait for entry zone between $32.00 - $33.00.
P.S: Please note these are my own notes for future reference, by no means trading advise to anyone. Please do your own research before entering into any trade.
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