ArcelormittalPennant technical structure developing on the daily chart; needs to break the 980c-1000c level to get going again.
ACL trade ideas
ACL bull flagACL broken above resistance at R8.90.
It retested that level and formed a small bull flag.
Trade ideas are my own and not financial advice.
ARCELOR MITTALMittal nice rejection on the zone we previously marked the bull move will contilnue after this play
ACL, weakness?If JSE:ACL close below the 50EMA, we might pick it up near R7.50.
So vele people are selling because there's no dividend?
AG Capital -Storm trading Morning Call 10 February 2022We give a quick recap of markets overnight and the previous day and insights into the day ahead with a few trade ideas on the day. Ideas are strictly NOT INVESTMENT ADVICE.
AG Capital -Storm trading Morning Call 9 February 2022We give a quick recap of markets overnight and the previous day and insights into the day ahead with a few trade ideas on the day. Ideas are strictly NOT INVESTMENT ADVICE.
Possible long oppp on $ACLPrice is forming a bullish pennant here although volumes are currently low. A long pos can be initiated if price breaks higher and closes above the 915 level. As always manage your risk when trading. Will be watching this stock closely
Possible long opp in $ACLPrice is forming a bullish pennant here although volumes are currently low. A long pos can be initiated if price breaks higher and closes above the 915 level. As always manage your risk when trading. Will be watching this stock closely
ARCELOR MITTALArcelor Mittal may offer another buying opportunity this move may target the R10 level
ACL good consolidation for more upside to comeACL did the same box pattern last time around that lead to a breakup. do we see a repeat?
ACL: wait for confirmation?I do not like shares under R10 - but the trading setup looks interesting.
At the lower range of the Linear Regression Channel pattern.
RSI leaves enough room for further upside price potential.
Wait perhaps for a breakout for the Bull Flag pattern before initiating a long position.
ACL 50day box consolidation about to breakout?ACL is consolidating for the last 50days in a very tight range between R6.00-R7.00,
A close above 7.35 will see a possible move to R9.30 mark
JSEACL - Long IDEA - Price find support at the 50 day moving average
- Good area to add or open a position if you want to trade the trend
- Pivot at R6.74 likely to be tested
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
ACL: more downside?A price action below 530 supports a bearish trend direction.
RSI leaves enough room for further downside potential.
The MACD crossover also supports a bearish trend direction.
Potential target 430.
Stop-loss a break above 530.
Arcelormittal SA - AnalysisACL has had a massive year. Growing by around 560% since Jan and 1650% since its peek bottom at 36c. It has currently met hard resistance at R 5.60 with has held on previous occasions, notably in October 2018 and December 2017.
If this barrier breaks we could see a further exponential growth to the next resistance line at R6.80.
Seeing that this is basically a cross roads, I would suggest a Hold position and possibly wait for the next price movement event. If share price reverses, good buy in points(averaging down) would be R4.80, R4.40 and R4.00 keeping in mind however like previous times that the share price could possibly even go lower than these buy in point. If R5.60 does break, we will then consider that resistance as a support line and hope it holds the share price up.
Long on $ACLACL is strong here, price breaking higher from this ascending triangle with a close above the Weekly EMA200 and volumes in support of the move. I initiated a small long position a while ago at my own risk, but I will be adding to this trade using this setup. Next near term strong potential resistance if the trade plays out is around 600c. As always manage your risk.
Long on $ACLNice bull flag flag in ACL, could've timed a better entry but fortunately the price hasn't moved too fast. Plenty of risk in this trade with the long term trend being down and the weekly 200EMA looming above. Good risk management is key
Long on $ACLSo I don't know I didn't publish this trade but its hindsight now and you cannot trade hindsight. However this was an excellent setup on $ACL with a bull flag and the volumes to support the move northwards. The ticker has been humbled by the weekly EMA200 for the near term. As I missed the initial move I will be looking at long pos with a close above the weekly EMA200. The stock has run pretty hard here. Manage your risk accordingly.
ACL - ARCELOR MITTAL - Missed the entry after it cleared 200 day moving average on volume , what a move... will look for any pullbacks to get on this train
