EuroStockOption

ALO.PA at ideal retracement rang for long term accumulation

Long
EURONEXT:ALO   ALSTOM
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: beside long term holding, already bought Sep 2022 calls, strike 40 & 45 for short term plays, start to take profit at 38.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.