ALD
AMPOL to DIP to 26.06 in coming daysOn a 2 hour chart, AMPOL is moving in 5 wave pattern, with Wave 3 completed as displayed on the chart.
From here it should drop to 26.06 where it will meet daily support, before bouncing up to 31-32 zone.
Expect a major drop once it reaches point 5. I will create new analysis once it is close to wave 5.
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Note - These are my personal notes and in no way a financial advice. Do your own research and Trade wisely
ALD BreakPosting for interest to see where this ends up next week. Oil rising for the moment and Q1 results released. 1d confirmation April 16th
ALD - A Buying opportunityI am bullish on ALD , the chart looks positive as it has made Higher High and even a golden cross.
There is good support between $27.50 - $28.50 range, as its also a High Volume Profile Zone and we can see Bullish Price Action after some consolidation with High Volume.
MACD Histogram is changing color, cold be a possibility of a shift in Bearish Momentum.
I am expecting continuation of the upward trend.
First Take profit at $30.00 range.
Second Take profit at $33.00 range.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
