[Premium] Trade Of The Week

JC Parets
March 15, 2022

Price trends have been a tad bit clear in the week gone by and some of that has translated to new trade ideas. This week we're looking at a name from the Consumer Durables sector.

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

GAEL is currently trading at an all-time high, in a market that has been rather messy. The price of GAEL, however, broke out in the week gone by, and the chart a giant smiley face at the moment! And you know how much I love smiley faces!

The price has been consolidating for almost a year now. The strong bullish candlestick, in addition to the indicator moving into bullish momentum territory, are all the boxes that we like to check off! Add to that a base breakout and we're ready to go.

What's more, the stocks is trading at a new all-time high on a relative basis as well. Definitely a lot of good signs coming through.

We are bullish above the risk management level of 225, with a target close to 335.

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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