Technical setup for ALL

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Question asked 08/04/2021

Technical setup for ALL

Hi James, Just a quick comment on the sale of ALL. From a charting perspective, this looks more like a buying opportunity. It has just broken thru the last high at about $35, and there is nothing to stop it going to the all-time high at $38. It has rock solid OBV, and the MACD indicator has just turned up. Is it possible for you to include some basic charting guidance in these situations ? best wishes John

Answer

Hi John,

We do prefer to keep our charts simpler than that however you raise a valid point. ALL has broken $35 and could easily push up to $38 or beyond. Like everything in the market, buying and selling is a relative call and we like the growth available in HUB over ALL but we certainly could be proved wrong in the short term.

chart

Aristocrat Leisure (ALL)

LAST UPDATED 08/04/2021 10:59

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