ALU Long

ALU has been in a consolidation range for some time. Two options here in my view:

1. Buy at the trend line and move back up to top of consolidation range or
2. (Maybe the more safe option) Wait for retest of bottom consolidation range down near $30 round number

Yorum:

ALU has broken top range of consolidation and bounced off it. Also a move through the $40 round number is bullish..

Happy trading =)