ALSTOM
Short

ALO Neutral: Longterm Waiting period

Hello Reader,

The last call was quite good... Check by yourself, the related link below.

With this new post here:
The price entered a breathing period where it needs to gather and collect more orders in the market.
So i don't ride it but i find/suggest find other stocks which you are confortable with ! Don't touch #ALO for the moment.

In the today's chart:
The longterm overall bearishness trend momentum isn't finished yet ! :)

  • I expect a clear retracement in the 1Q and 2Q. A retracement reaching at the best trigger level is the option.
    Meanwhile, i must abandon the Bearishness scenario, if the price stay above @ 36,00. It means the retracement wasn't for another bear leg, it's nicely a reversals. Then i focus on the Bullishness trend momentum.
    The average bearish target couldn't extend @ 26,00 level as shown in the chart
.



Thanks for following and have nice trading session :)
AKR Capital
euronextsellsetupstockstradingSupply and DemandSupport and ResistanceTrend Analysis

Related publications

Disclaimer