[Premium] Trade Of The Week

JC Parets
February 15, 2022

Today we're taking a pick from the Commodity sector. There's been a slight pick-up in activity along with a big base breakout. Which stock is it?

Let's take a look at the trade for this week!

National Aluminium is posing a 12-year breakout. With increased volatility across the market, we would like to see it sustain above 119 on a weekly basis. With this breakout, the next target to track would be an all-time high at 141.

The indicator is close to the bullish momentum territory and is catching up. With this base breakout, the price looks ready for the next leg of the rally.

We are bullish above the level of 119, with a target near 141.

Thanks for reading and please let us know if you have any questions.

And if you're a Premium Member, be sure to check out our other weekly post, "Three Charts For The Week Ahead."

Allstarcharts Team

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