Hey,
ALGN
left the ascending Wedge to the downside and formed support at 580$.
Today it started an impulsive move upwards. I expect it to hit the lower border of the wedge at 650$.
This ist the level to watch. If it can defeat the resistance you might want to go long above 650$.
If it bounces off the support in northern direction you might wanna buy puts.
This is not financial advice.
ALGN
left the ascending Wedge to the downside and formed support at 580$. Today it started an impulsive move upwards. I expect it to hit the lower border of the wedge at 650$.
This ist the level to watch. If it can defeat the resistance you might want to go long above 650$.
If it bounces off the support in northern direction you might wanna buy puts.
This is not financial advice.