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ALO.PA at ideal retracement rang for long term accumulation v1.1

Atualizado
Long term highly likely to profit from major ESG investments of the EU.

Short term need higher high to confirm bottom is in, will update upside target once 1-2 setup is clear.
RSI and stochastic indicate leaving oversold zone and ready to take off.

Disclosure:
Long term holding will be re-evaluated after reaching 50 and 65 respectively, to cut loose if 26.85 cannot hold.
Short term plays, already bought Sep 2022 calls, strike 40 & 45, plan to take profit starting at 38.

Important update from last publication:
Note that prices are split/dividend adjusted and in EUR, there was a big special dividend in Jul 2019 and a 2:1 split in 2008.
Trade ativo
Encouraging mini rally with 5 waves up on the 4h chart, resistant expected between 35-37, while support around 30-31 should hold ideally.
4h chart screenshot:
tradingview.com/x/z5Gy5M9S/
Trade fechado: stop atingido
Aforementioned ideal support 30-31 didn't hold, stopped out at 29.74.
Immediate bullish thesis invalidated, will reattempt to long when new opportunity presents.
Beyond Technical AnalysisElliott WaveFibonacci

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