$ALGO's last two local highs both saw spinning top candles on the daily chart. Each realizing approx 20% retracement that followed the daily candle close over about 1.5 weeks.
Today, ALGO is forming another spinning top. If the trend continues, this gives a short-term price target of $0.67 by end of March.
Today, ALGO is forming another spinning top. If the trend continues, this gives a short-term price target of $0.67 by end of March.
Trade active:
Short is still active with inverted cup & handle pattern forming. Idea posted earlier today.
