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
Looking to go long on Z1P due to the fact that: 1. We have seen 5 consecutive closes above the 200 day MA 2. Last trading day closed above the 50 day MA 3. Volume over the 50 day MA Setting my Stop Loss @ 3.20 (SAR) to give it room to grow. Will be using a trailing Stop Loss for this entry, however i do believe this stock can rise back to all time highs...
Looking for a long position on Z1P. This is my defensive zone.