$ALGN Nice stock, nicer pullback.

I like this one outside the downward diagonal trendline .
Earnings are coming pretty fast so don't forget that fact.

I was hoping for a bigger drop but support seems pretty decent in that area with the red POC 5.71% and two Tim West Key Option Levels ( KOL -1.44% ) in the support area .

Note that one of the KOL -1.44% is actually hidden by the POC 5.71% as they share the same level.

The stock will do what it needs to do but I would not be surprised to see the stock ramp up along the edge of the lower Linear Regression channel.

The yellow area will be my stop-loss area.

Since ALGN -0.70% are selling items like the Invisalign braces, they might be a lot more "Tweet-Resistant" than many of the other healthcare suppliers Trumps likes to torment slowly one Tweet at a time.

Comment:

Nice drop. I am not in the stock yet as instead of jumping in the "X" area the stock decided to go down. Again, earnings around January 31th... I am actually OK with the stock dropping... as long as it is not a crazy drop which could be indicative of some serious issues.

There a couple of Tim West's hidden level's between $89-ish $89.50 so I would not be surprised to see the stock take a breather at those levels if it keeps going down.

Great stock however. I will take a shot at it with options depending on what I see in the next few days.

Comment:

I was able to make a few bucks with my puts sold two days ago and I sold my call today shortly after the open. The option volume is very low so that spike to $102 did not really register in the option world. I made a profit but it would have been sweet if the price had stuck to $102.

I will keep this bugger on my list. There is a chance it might move again if there is an upgrade or something like that. I will get some more if it drops towards the yellow zone in an orderly fashion.