ALE trade ideas
ALE will continue the uptrendhi traders
ALE is ready to continue an uptrend
As you can see the MAJOR resistance TRENDLINE was broken. The price is not in a downtrend anymore, therefore you should NOT look for a very deep pullbacks.
The candle from yesterday looks very good. A lot of buying yesterday.
2 Targets:
38.815 $
44.470 $
The largest publicly traded polish company is here!Polish Ebay or Amazon if you will has landed. The behemoth of East European e-commerce. With nominal price 43zł and book coverage for traders of only 15% (85% orders volume were not filled during initial offering) it is the most wanted stock on the Polish stock exchange. I'm expecting this to rise to 100zł as the Polish stock exchange is in a state prone to creating bubble valuations and Allegro is certainly one of the most recognized brands in Poland.