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ASX stock Analysis ALU
Time Frame : Daily Chart
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Watching for SELL Entry Setup
ALU is coming under pressure after failing to hold above 32.00. Sellers are reacting lower off the level now and the question becomes no how many buyers are still to exit and sell back into the market. Price took at hit last year in Feb/March and then failed to break into new highs and looks very heavy in the long term. Watching now for price to hold below the 32.00 area and hold another lower high for a sell entry setup.
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Stock : ASX stock ALU
Current Price : 30.52
Status : On watch for a move below 27.50
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