Thursday, February 10, 2011

ALU - Triple Top Breakout on P&F chart. Next target Double top at weekly 200MA

ALU shows a pattern similar to what we saw yesterday for OPXT when a previously triggered P&F pattern set a new short term target at 200MA on a weekly chart. Similar combination is visible for ALU today - Triple Top Breakout on P&F chart which developed today sets a new bullish target for ALU at a long time resistance levels between $4.95 and $5.08. It also coincides with 200MA ($5.03) on a weekly chart and that makes the bullish case even stronger. Check out charts below:


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