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QuantumLabSignals
Dec 16, 2021 6:38 PM

Long Long

Allstate Corporation (The)NYSE

Description

The stock broke through a good resistance zone. I'm considering an approach to the previous high. Possibly a renewal as well. The potential is good, if there will not be overbought on indicators.
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Comments
BrokenTypewriter
I've bought ALL at 110 and 107. ~116 looks like a resistance zone for me. You even marked it in red. I'd wait for it to close above it then retest the red line for support before buying in. Then the next level I'd look out for 125.5. It's the previous ATH pre-pandemic and my TP. I'll check the technicals if it gets to that area before selling.
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