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ASTL Stock Tickeron detected bearish Stock Pattern: Head-and-Shoulders Top ASTL on July 28, 2023, netting in a 5.35% gain over 1 week

A.I.dvisor
at Tickeron.com
08/09/23
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+5.35% Gain from a Successful pattern Head-and-Shoulders Top
ASTL - Algoma Steel Group
Ticker: ASTL
Company: Algoma Steel Group
Gain from shortening: +5.35%
Confirmed: 07/28/23
Succeeded: 08/08/23
Total length: 13 days
On July 26, 2023, A.I.dvisor detected a Head-and-Shoulders Top Pattern (Bearish) for Algoma Steel Group (ASTL, $7.29). 2 days later, on July 28, 2023, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On August 08, 2023, the stock hit the target price of $6.89 – resulting in a gain for traders who shorted the stock on the pattern detection date.

ASTL in upward trend: price expected to rise as it breaks its lower Bollinger Band on September 20, 2024

ASTL may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 21 cases where ASTL's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .

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General Information

Industry Steel

Profile
Fundamentals
Details
Industry
N/A
Address
105 West Street
Phone
+1 705 945-2351
Employees
2696
Web
https://www.algoma.com