ALU Long
Updated
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
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
Note
ALU has broken top range of consolidation and bounced off it. Also a move through the $40 round number is bullish.. Happy trading =)
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