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ETrades1
Feb 9, 2021 5:14 AM

$ALPN confluence of support Long

Alpine Immune Sciences, Inc.NASDAQ

Description

Similar to my recent SGMO idea, my view is that aVWAP support, 50% retracement and 50 day EMA support make a strong case that a relative low is in and higher prices are soon to come. For ALPN, the aVWAP cluster from recent significant lows/highs all cluster in a tight range in the mid 11s, which is right where the stock reversed. Likewise, if the stock goes below that blue aVWAP cluster area I would be forced to revise my buys thesis.
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