ALE has the potential to break out from its current down channel and extend into new bull areas.
Marked in green circles are similar points that show the shoulders of a larger pattern.
I expect price to move up to the horizontal line.
watching for entry on this.
its really choppy right now
take your time and no rush to entry.
Its in a strong sector and is set up to complete the W pattern
Another stock coming on my radar this week is ALE. ALE is in Utilities sector and conventional electricity industry. The price is beginning to strengthening and might be good for a swing trade provided:
1. Price violates the Swing High @ 55.48
2. Price Pullback to test 55.48
Target price will be between 57 & 61.
N.B
- Let emotions and sentiments work for...
