Pull back to $61 before ascend?

NASDAQ:ALAB   Astera Labs, Inc.
Looks like we had a bearish breakout below the wedge. Can see this pulling back to the .236 fibonacci. Short profit target $61.50.

*DISCLAIMER* I will say this is possibly a high risk play as it looks like price action is pinned at the .382 which can also be a reversal point like the .236. That being said, if you are long this is not a bad place to DCA but I would save most of your cash for the $61 entry.

Once this target is reached I anticipate a reversal to the upside.

Long Entry: $61-$62.

Not financial advice. Use a stoploss please.

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