ALL has just bounced off its 50-day moving average, showing early signs of a potential uptrend continuation. Momentum is building, backed by strong fundamentals and solid sector positioning.
🎯 Why we like it:
• Holding firm above 50MA — a key level respected in past rallies
• Business quality remains high with strong balance sheet and earnings history
• Gaming sector strength could provide tailwind into May
📉 Stop: 62.84 — tight enough to manage risk if the breakout fails
⚠️ Note: Earnings due May 15 — position size accordingly and manage risk into event
This is a technical momentum play with fundamental support — good spot for partial exposure to see if the move has legs.
DISCLAIMER : The content and materials featured are for your information and education only and are not attended to address your particular personal requirements. The information does not constitute financial advice or recommendation and should not be considered as such. Risk Management is Your Shield! Always prioritise risk management. It’s your best defence against losses.
🎯 Why we like it:
• Holding firm above 50MA — a key level respected in past rallies
• Business quality remains high with strong balance sheet and earnings history
• Gaming sector strength could provide tailwind into May
📉 Stop: 62.84 — tight enough to manage risk if the breakout fails
⚠️ Note: Earnings due May 15 — position size accordingly and manage risk into event
This is a technical momentum play with fundamental support — good spot for partial exposure to see if the move has legs.
DISCLAIMER : The content and materials featured are for your information and education only and are not attended to address your particular personal requirements. The information does not constitute financial advice or recommendation and should not be considered as such. Risk Management is Your Shield! Always prioritise risk management. It’s your best defence against losses.
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.