Align Technologies Inc. (ALGN) presently testing a significant descending channel top, able to absorb weekly buying pressures. From here, (ALGN) is susceptible to falling back to channel support, eliciting losses of 20% over the following 2 - 3 months. Inversely, if a weekly settlement above this channel top occurs, (ALGN) will enter into a buy signal where gains of a similar magnitude over the same time horizon would be expected.
Hello if you don't mind me asking what technical indicators do you have on the upper and lower part of your chart or ALGN? Are they accessible on your scripts page? Thank you