AMPOL LIMITEDShort
Ampol Limited (ASX: ALD) Technical Analysis Summary
Current Trend: The stock has been in a long-term uptrend but recently experienced a pullback after reaching a peak.
Moving Averages:
20 EMA (Short-Term): Shows a downward trend, indicating short-term bearish sentiment.
50 EMA (Medium-Term): Flattening, which suggests potential weakening of the medium-term uptrend.
100 and 200 EMAs (Long-Term): Still trending upward, indicating that the long-term trend remains bullish.
Support Levels:
Immediate Support: AUD 27-28 (near the 50 EMA).
Stronger Support: AUD 23-24 (near the 100 EMA).
Resistance Level: Around AUD 35, near the recent high.
Trading Strategy:
Bullish Scenario: Enter a long position around AUD 27-28 if reversal signals appear. Set a profit target near AUD 35 and a stop-loss below AUD 22.
Bearish Scenario: If the stock breaks below the 100 EMA (AUD 23-24), consider a short position targeting the 200 EMA (AUD 18-20). Set a stop-loss above AUD 29.
Watch key support and resistance levels to determine the stock's next move. Use appropriate stop-losses and profit targets to manage risk effectively.
Moving Averages:
20 EMA (Short-Term): Shows a downward trend, indicating short-term bearish sentiment.
50 EMA (Medium-Term): Flattening, which suggests potential weakening of the medium-term uptrend.
100 and 200 EMAs (Long-Term): Still trending upward, indicating that the long-term trend remains bullish.
Support Levels:
Immediate Support: AUD 27-28 (near the 50 EMA).
Stronger Support: AUD 23-24 (near the 100 EMA).
Resistance Level: Around AUD 35, near the recent high.
Trading Strategy:
Bullish Scenario: Enter a long position around AUD 27-28 if reversal signals appear. Set a profit target near AUD 35 and a stop-loss below AUD 22.
Bearish Scenario: If the stock breaks below the 100 EMA (AUD 23-24), consider a short position targeting the 200 EMA (AUD 18-20). Set a stop-loss above AUD 29.
Watch key support and resistance levels to determine the stock's next move. Use appropriate stop-losses and profit targets to manage risk effectively.
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.
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.