Will allocate in the coming days if
- price stays above fib level (red-line closest to current price)
- for thesis to stand, price must not break pink trend-line (call it a 'mental trend-line' if you will)
- Volume profile suggests, if price can remain above shaded yellow zone, we could see a rise to 490
ACL has performed well since our last suggested idea (..If you're looking at small caps, this one could offer a nice little punt if the momentum stays in place..) suggested from around 310c (23-July), and in the process has broken out of the channel formation in place since September 2016. The price has since retraced to trade near the top of the channel, giving...