ALO.PA at ideal retracement rang for long term accumulation v1.1
Mis à jour
Long term highly likely to profit from major ESG investments of the EU.
Short term need higher high to confirm bottom is in, will update upside target once 1-2 setup is clear.
RSI and stochastic indicate leaving oversold zone and ready to take off.
Disclosure:
Long term holding will be re-evaluated after reaching 50 and 65 respectively, to cut loose if 26.85 cannot hold.
Short term plays, already bought Sep 2022 calls, strike 40 & 45, plan to take profit starting at 38.
Important update from last publication:
Note that prices are split/dividend adjusted and in EUR, there was a big special dividend in Jul 2019 and a 2:1 split in 2008.
Short term need higher high to confirm bottom is in, will update upside target once 1-2 setup is clear.
RSI and stochastic indicate leaving oversold zone and ready to take off.
Disclosure:
Long term holding will be re-evaluated after reaching 50 and 65 respectively, to cut loose if 26.85 cannot hold.
Short term plays, already bought Sep 2022 calls, strike 40 & 45, plan to take profit starting at 38.
Important update from last publication:
Note that prices are split/dividend adjusted and in EUR, there was a big special dividend in Jul 2019 and a 2:1 split in 2008.
Transaction en cours
Encouraging mini rally with 5 waves up on the 4h chart, resistant expected between 35-37, while support around 30-31 should hold ideally.4h chart screenshot:
tradingview.com/x/z5Gy5M9S/
Trade fermée: ordre d’arrêt atteint
Aforementioned ideal support 30-31 didn't hold, stopped out at 29.74.Immediate bullish thesis invalidated, will reattempt to long when new opportunity presents.
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