I Think we've reached a top in 2020 in this stock
Updated
I've taken time to create this view on Alk-Abello, and I see a good overlap between fib levels and topping on trend line from previous tops the previous years.
this to me indicates that this wave 3 of a major wave 3 could be over now, which should result in a retracement, which I've given my guess on, on the chart.
After this retracement I of course believe we will again reach new highs in the wave 5 of the major wave 3, 2020 will just probably be a red year for Alk, depending on the speed of which this happens.
This is my view, and solely my view, always do your own due diligence.
Happy investing and trading.
this to me indicates that this wave 3 of a major wave 3 could be over now, which should result in a retracement, which I've given my guess on, on the chart.
After this retracement I of course believe we will again reach new highs in the wave 5 of the major wave 3, 2020 will just probably be a red year for Alk, depending on the speed of which this happens.
This is my view, and solely my view, always do your own due diligence.
Happy investing and trading.
Trade closed: target reached
Had no position, but target was quickly reached because of COVID crash.Luck or destined, no comment..
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