$ALSNIIIIICE chart
Is a beautiful big pennnawnt forming teh handle on a huge C&H
backtesting deep into it but sitting on old ATH
ALQ trade ideas
ALQ @ 28 OCT 2021Text me if you have any questions/comments for me.
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ALQ
- Previous written analysis was done on 19 Oct (red arrow) -> suggested waiting for a retracement and successful rebound before plotting entry
- Since then, the stock has retraced back to the short-term average
- Stock looks to be testing resistance-turned-support (orange line) and any successful rebound from here would be good for the continued uptrend of the stock
- If the 13.20 support level breaks, the next strong support is the mid-term average
- A successful rebound is around 13.90 levels
- R is less than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for successful rebound before plotting entry
ALQ @ 19 OCT 2021Text me if you have any questions/comments for me.
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ALQ
- Previous written analysis was done on 8 Oct (red arrow) -> suggested only plotting entry when breakout is successful
- Stock is gapping up and retracing during the day -> the trend still looks ok to me
- Best case scenario is if the stock retraces to test the support before continuing its upwards trajectory
- R is more than 10%
- Strategy-to-buy (DYOR) – Suggest only plotting entry when there is a retracement and successful rebound
ALQ @ 8 Oct 2021Text me if you have any questions/comments for me.
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ALQ
- First time doing a written analysis on ALQ
- Has a history of uptrends and downtrends
- Since the pandemic crash in Mar 2020, the stock price has risen by almost 180%
- Strong resistance seen at current price levels -> created in May 2012
- Stock is currently testing the mid-term support
- A successful breakout would be when the stock is around 13.55 levels
- R is less than 10%
- Strategy-to-buy (DYOR) – Suggest only plotting entry when breakout is successful
ALQ Long after it broke out of its recent highEntry: 12.42
Stop loss: 12.00
Broke out of its recent high with above average volume. Would like to capitalise on the momentum from its recent strong move.
$ALQ:ASX - ALS LIMITED - CompressingALS is at a very strong resistance type area but showing quite a bit of compression. Could break and run either way but Im guessing towards the upside. Too early to tell and with results out on the 20th November will just add to my watch list and wait and see. Could be worth a watch.
ALS Limited is a testing services provider. The principal activities of the Company are the provision of professional technical services in the areas of testing, measurement, inspection and monitoring; food and pharmaceutical quality assurance; mining and mineral exploration; commodity certification; equipment maintenance, and asset care operations. The Company's segments include: ALS Life Sciences, which provides testing data to assist consulting and engineering firms, industry and governments; ALS Industrial, which provides the energy, resources and infrastructure sectors with asset care and tribology testing services; Commodities, which provides assaying and metallurgical services for mining and mineral exploration companies and provides specialist services to the coal industry such as coal sampling, analysis and certification and formation evaluation services.
$ALQ Nice risk reward off price level support. see chartSketchy market atm but this one is worth watching .
see annotations
ALQ Buy setupBuyers have come in around 7.78 for ALQ and it looks to be heading up. I have marked rough areas to watch on the upside.
Daily chart looks strong above this area
