Sebastian-TradingExpertsEU

Bullish Technical Setup provided by ALEC / Through 26

Long
NASDAQ:ALEC   Alector, Inc
NASDAQ:ALEC

Hey Guys, today i´d like to showcase you a sharp ooking Long Setup for a shorter time frame.
We are looking here at an uplifting and trending Bio TECH Stock that has shows previous Strenght when the market had its weakness.

Alector , Inc. operates as a clinical-stage biopharmaceutical company. They are developing therapeutics for the treatment of neurodegenerative diseases including frontotemporal dementia ( FTD ), Alzheimer's disease, and Parkinson's disease.

No real profits are yet achieved for the Company but it still has a solid looking balance sheet .

ALEC had a appropriate Consolidation Phase last week where it bounced back multiply times from the 26$ Resistance Level .

Looking at the Hourly the Stock set ups very well it its given Range

The Moving Averages dispaly that the Stock should be ready for a breakout expansion with a confirmation from high Volume following through.

My Entry would be at 26.10 to not get trapped.
Targets are 30, 32 and 36
I´d set my SL at LOD and then trail it with a 15min candel upwards to not give back any gains.


This is only my opinion on technical Analysis and not a buy or sell recommendations. Do your own research before jumping into a bandwagon.

Please leav me a like or a comment if you want to see more of my Analysis !
It would mean a lot to me and id´be greatly appreciated.

Thanks,
Sebastian - TradingExperts EU

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