A5V trade ideas
$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 Volume Profile around $27.00. My second buy zone is between $25.00 and 27.00, where it may provide an excellent buying opportunity. I will be monitoring ALU closely for either of the scenarios to play out.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
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 own notes, by no means trading advice. Please do your own research before entering into any trade
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 Zone and should be ready for a turn around in ALU.
My target for this trade will be the $34.00 - $35.00 zone as this is a Resistance Zone and also a High Volume Profile Zone.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade
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.
#ALU in troubleFollowing the release of results, the market has responded negatively to the news. We've since lost the 200 daily SMA. The SP is sitting at a crucial support/resistance zone (on previous 8 occasion). If this level does not hold, we could see the SP fall further to the 2 levels I've indicated. The latter being a potential gap close.
ALU Long 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
Looking Bullish ?Altium - One of the top performers on the ASX in the last 1 year is looking bullish. It has rectraced & tested the $31.25-$31.50 level a few times. It has also managed to rid itself of the RSI divergence and Volume is shrinking. It seems set for a potentially bullish move to a new ATH. I am looking for a nice upward move backed by good volume.
ALU need to close the GAPALU will close the GAP, we just don't know exactly when, but, I have marked the thresholds that need to be broken in order to close the GAP.
$ALU - ALTIUM - Good performer challenging resistance levelAltium has been a great runner for the last several years and is back testing previous resistance.
Worth a watch - especially if it can break through.
SYMMETRICAL TRIANGLE Altium might fall, we all know with symmetrical, market can go either way, but in this case this pair should really fall!
$ALT Altium Ltd long off supportHere'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 trade. Bottom line though for me, this as an investment as well as a swing trade so its a good price point to pick up at a reasonable price point. Worst case scenario it takes a dip, breaks support and recovers at a later date. Not financial advice.
