ALLE broke a trendline and is testing the trendline. A possible short. KL: 79.19 SL: 80.10 TP1: 77.20 TP2: 76.00
There is a nice flag pattern today. The stock went up a lot on earnings and what we see after a big day like that? A retracement with low volume because that means that all these buyers who bought on earnings , then they are taking profits or are doing nothing so that make the stock to stall. Now, today the stock regain its strength from earnings and went up with...
ALLE ( Daily) Potential Wolfe Waves 5. Overthrow possible, but candle behavior hints at hesitation and turn, with some volume. OBV weakening. RSI bearish divergence. AB=CD 50% retracement, ETA (25/12) Right Shoulder formation, a possibility.
This recent IPO Found some support in $48-49 area after a controlled pullback from double top @ $55ish area. Uptrend is still intact from low $40ish area which was the sell off bottom after company became public. This security company is component of S&P500 and with spy building an upper level base in front of highs and preparing for break up this stock could be...