Chart thread, page-418

For the first time in a while (since I've been holding anyway) the chart is looking interesting. Too early to confirm a significant change in trend but this most recent high breaking the previous high has me intrigued. An upwards move breaking a previous high hasn't happened since the peak. Lower lows have always been followed by lower highs, but not this one. Whether we found the bottom or the news started to satisfy (most likely a perfect mix of both), something is brewing.



The breaking of a long term trend line, touching of the 100 period SMA and also the 50 period ROC crossing above 0 for the first time since November are all promising signs to me. The fact that these events have all occurred in a short timespan only sweetens the situation. These lookback periods are somewhat shorter than what I would generally apply but given AL3's infancy, we don't have a massive amount of data to work with.



0.285 and 0.350 are areas I'll be watching closely. These events and analysis aren't enough for me to add to an already losing position (quite a substantial % down at this point) but combined with some interesting news, AL3 has the potential to no longer be the black sheep of my portfolio. That being said, a move towards the downside crossing below 0.165 would be a quite a shame and who knows how much lower it could fall.

Go on AL3, make me look a fool...