ALI's price action after a Head-and-Shoulder Top breakdown is now getting closer to its projected breakdown price target around 32.20~32.60. It also recently broke the immediate support at 33.60.
*At extreme oversold territory.
Trading Plan
- Observe the price action for now as it gets closer to the breakdown target.
- Buy the reversal pattern near or around the breakdown target area (ideally with a confirmation before entry).
- A potential position trade opportunity if the price drops near or below 31.
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