The recent AIL pullback to the 200EMA seems to be over. The stock seems to be finding support at the demand zone too around the same price zone. Our money, here, is for the upside as technical indicators align.
At market pre market today, 08H00 CAT, we will look to get two orders in here.
1. @ R3.25(61.8 Fib retracement)
2. @ R3.06.
Both positions with 1.5% SLs(3%) at around R2.46. Our target price @ R5.61.
Happy Trading!