carlyang

#ALU in trouble

Short
carlyang Updated   
ASX:ALU   ALTIUM LIMITED
Following the release of results, the market has responded negatively to the news. We've since lost the 200 daily SMA. The SP is sitting at a crucial support/resistance zone (on previous 8 occasion). If this level does not hold, we could see the SP fall further to the 2 levels I've indicated. The latter being a potential gap close.
Trade closed: target reached:
First target achieved
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