Alicon Castalloys - Heading towards a new high?

Jun 1, 2017

Alicon Castalloys - Heading towards a new high? Based on the price and volume action on June 1st 2017, I am of the opinion that it is heading higher.
1. Close is higher than Open
2. Open and Close are in a narrow price band
3. Higher than average volume
4. RSI in uptrend

Disclosure: Invested and biased. Not a recommendation to buy/sell/hold and sharing only for academic purposes.

Jul 12, 2017

Trade active

Pretty good breakout with super volume and all time high closing.

I think stock is headed higher by the time of quarterly results.

Please keep a stop loss at your comfortable level as I am not a short term investor or trader.

Disclosure: Invested and biased. Not a recommendation to buy/sell/hold and sharing only for academic purposes.

Jul 21, 2017

Trade active

Stock made it to all time high with huge volumes, much higher than volumes of July 11th.

I still think stock is header higher by the time of quarterly results

Please keep a stop loss at your comfortable level as I am not a short term investor or trader. If I were trading, I would put a stop loss around 550 levels.

Disclosure: Invested and biased. Not a recommendation to buy/sell/hold and sharing only for academic purposes.