Buying ALFEN at trend of higher lows.Alfen - 30d expiry - We look to Buy at 93.45 (stop at 89.25)
The primary trend remains bullish.
The trend of higher lows is located at 93.00.
We look for a temporary move lower.
We look to buy dips.
A break of 100 is needed to confirm follow through negative momentum.
Prices expected to stall near trend line support.
Our profit targets will be 103.35 and 106.35
Resistance: 105.00 / 107.00 / 110.60
Support: 100.00 / 96.00 / 91.00
Disclaimer – Saxo Bank Group.
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