National Aluminium - Descending triangle breakout
With Alumina prices having shot up over the last week from 380 -> 465 and a few manufacturing facilities shutting down until the year end this bodes very well for Nalco.
Technically the stock has a descending triangle breakout if it follows thru tomorrow.
Long above 96.50.
SL 91.50.
Ideally looking for it to reach 112 and then 120.
Technically the stock has a descending triangle breakout if it follows thru tomorrow.
Long above 96.50.
SL 91.50.
Ideally looking for it to reach 112 and then 120.