AMPOL LIMITED
Panjang

Breakout after a brutal ~10 year Range?

70
A great risk to reward trade in play with price pulling back and printing bullish hammer into the covid low demand structure, major 50% and near previous ATH zone. Expect price to move quickly up through the range here for a potential breakout of a brutal 10~ year range.

Great place to buy are the LPS (pullbacks) and trail SL on the monthly swing bottoms.

The 100% extension is a minimal target with price potentially slicing through it after such a long consolidation.

*Arrows are not based on time analysis just a path for PA

Penafian

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