Text me if you have any questions/comments for me.
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ALQ
- Previous written analysis was done on 19 Oct (red arrow) -> suggested waiting for a retracement and successful rebound before plotting entry
- Since then, the stock has retraced back to the short-term average
- Stock looks to be testing resistance-turned-support (orange line) and any successful rebound from here would be good for the continued uptrend of the stock
- If the 13.20 support level breaks, the next strong support is the mid-term average
- A successful rebound is around 13.90 levels
- R is less than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for successful rebound before plotting entry
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ALQ
- Previous written analysis was done on 19 Oct (red arrow) -> suggested waiting for a retracement and successful rebound before plotting entry
- Since then, the stock has retraced back to the short-term average
- Stock looks to be testing resistance-turned-support (orange line) and any successful rebound from here would be good for the continued uptrend of the stock
- If the 13.20 support level breaks, the next strong support is the mid-term average
- A successful rebound is around 13.90 levels
- R is less than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for successful rebound before plotting entry