ALGM Potential Breakout

muhammadaniq75 Updated   
NASDAQ:ALGM   Allegro MicroSystems, Inc.
Based on daily chart, the moving average almost forming a golden cross. Then, the weekly chart shows a potential rebound from oversold region.
Today, the price gap up and break above MA50 which is a good sign.

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.