ALYA Potential Breakout

NASDAQ:ALYA   Alithya Group inc
  • Bullish ascending triangle formation
  • Large spike in volume as stock approaches resistance (bullish)
  • RSI hooking up
  • MACD indicating bullish reversal
  • Upgrade from Hold to Buy (Nov. 15)
  • Strong fundamentals; company has shown consistent growth in revenue over last four quarters. It is rapidly approaching a profitable state.

If ALYA closes at or above $3.00 with high relative volume, I will enter a position.

Stop loss @ $2.90, Target 1 @ $3.24

Potential to gap up, I would be weary if to enter at open if that happens.


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