- Missed the entry after it cleared 200 day moving average on volume , what a move... will look for any pullbacks to get on this train
Not that I would hold my breath on this one..
Arcelor looking very bearish currently. Breaking descending triangle.
We might see ACl go up because that retest and double bottom
Arcelor was looking good until they released a trading statement.
Will allocate in the coming days if - price stays above fib level (red-line closest to current price) - for thesis to stand, price must not break pink trend-line (call it a 'mental trend-line' if you will) - Volume profile suggests, if price can remain above shaded yellow zone, we could see a rise to 490
This stock is likely to shoot sky high from 322 to 466 if this count is correct the TP target will be achieved within 1-2 weeks
ACL has performed well since our last suggested idea (..If you're looking at small caps, this one could offer a nice little punt if the momentum stays in place..) suggested from around 310c (23-July), and in the process has broken out of the channel formation in place since September 2016. The price has since retraced to trade near the top of the channel, giving...