ACL

[hs]

Where is ACL heading next week.

[#2]

It looks like its headed down,but tommorow??

[Theater_Cat]

Didnt you guys say R200? (:-

[#4]

A quick analysis there catman??

[asylum]

indeed he did say R 200 and that we had missed out on this great opportunity and did not want to elaborate on this great secret.

[Theater_Cat]

It really all depends on your time horizon - whether one is a day trader, a swing trader or a long term investor. 26week EMA still pointing down; on daily chart stochastics oversold, but rsi still pointing down; bollinger band shows price near bottom range, so may bounce; 21d EMA marginally up; OBV dropping (bearish); MFI down flat; could find support at R77/R76; All said and done, one could take a long flyer on this one, but personally i'd not hang around too long after a quick profit.

[asylum]

yeap R 77 is the short term trend line support if it breaks below that could see R 60 odd rand again.

[Theater_Cat]

ACL is on fire!!! R69.29!!

[#9]

All said and done, one could take a long flyer on this one, but personally i'd not hang around too long after a quick profit. *AHEM* *AHEM* *COF* *COF*...Lucky i chose to sit on the sideline till tommorow..

[#10]

I understand that anaylsis is important,but i fear in these volatile times,its luck...gut...n balls...IMO

[Theater_Cat]

Support was breached, pure and simple. That's why you would have had a protective stop just below R77.