ACL -- Breakout

[#1]

Low risk Trade has set up on ACL. Price broke out of 2 x Trend line today with a Inverted H/S Target of about 88.10 and a stop at 79.20. Here is a chart of ACL that i have set up ... http://www.pichost.co.za/v/NRXkJ

[doomsdayza]

good looking chart, nice. things i'm watching are break outs on IMP, ARI, MA crossover on MUR, all longs, and a short MA crossover on GND, could be break down. see how it goes.

[doomsdayza]

GND view @

http://www.pichost.co.za/v/sjtuE

[Rams]

Not so convinced about inverted head and shoulders setting up a long trade because 1. Poor volume 2. No trend to reverse on daily chart. 3. Time factor - H and S formed in one month and ACL was trading in a channel below 9000 cents for almost 9 months.

[Russ]

Well spotted ,Hennie!

[Preston]

Do i go long or short it? Your views

[kwagga]

Well folks, there you have it - perfectly spotted. Well done Hennie.

[manicks]

Thanks Hennie - acl and gnd links are not working?

[#9]

Yes - site might be down ... here it is on a other site, Big green bar is today ... http://chartupload.com/viewer.php?file=89477652686970613643.png

[manicks]

Thank u Hennie. Mind if i ask what charting software was used for that?

[#11]

DWT.co.za

[#12]

Ok so target hit and some more ... http://chartupload.com/viewer.php?file=94200193010036058831.png

[sponono]

I like a man who can see the pattern as it forms and has a plan. Well done.