ALE has the potential to break out from its current down channel and extend into new bull areas. Marked in green circles are similar points that show the shoulders of a larger pattern. I expect price to move up to the horizontal line.
Sequence of downward waves should be over at this point. I await the bottom to be confirmed soon and then a significant rally to reddish rectangle with prior closure of a gap.
retesteo lo que fue antes techo y lo rompió, por lo cual si retestea y hace un piso, tendríamos una buena zona de compra
Another stock coming on my radar this week is ALE. ALE is in Utilities sector and conventional electricity industry. The price is beginning to strengthening and might be good for a swing trade provided: 1. Price violates the Swing High @ 55.48 2. Price Pullback to test 55.48 Target price will be between 57 & 61. N.B - Let emotions and sentiments work for...