Price has climbed over a down trend line that can be continued to be plotted on the chart
As the trend continues the rises can be seen in % to increase.
We are now experiencing a point where price has climbed over the diagonal and is ready for an up move.
Will it be more in % than the last one?
ALGT smashed earnings expectations and seem to accelerate EPS and Rev growth. The Valuation looks attractive and the price just touched its 200MA with volume. Watch out for SL. Watch out for volume as the stock is not highly liquid.
1st gainer in February is ALGT . Holding period is 147 days (9/8/22-2/2/23). Account up 0.5%. I do think it will keep going up.
*My holding period is rarely over 30 days but it happens a couple times of the year. The point is you stick to your strategy and carry on with the rest of the trades. Make sure you stay conservative and have a salvage strategy....
I opened a short on ALGT this morning. I think it is fundamentally overpriced and assumed that everyone is sitting with bags packed, ready to book a ticket.
No income, high debt, let's see!
Buy a Daily Candle Close above the Range Top.
Watch for a Failed Range Breakout.
Use a 30m/1h time chart to watch if there is a Bearish bounce off Range Top.
Breakout Candle Must Be 100% of the Average Volume For full-size position
75% of the Average Volume For ½ size position
Stop Loss is 1.5 x ATR First Target is 1 x ATR (close ½ position 1st TP)
NASDAQ:ALGT
Personally I've become a fan of this stock.
I've slowly started getting into conservative long-term investments with gains from quick swing trades. Relatively good dividend yield stocks in a solid market seem to naturally be my choice thus far.
However with Covid-19 still lingering in many countries, travels markets like airliners can still be...
With the airlines starting to implement face coverings as mandatory many airlines are even creating new seat plans to respect social distancing. This although brings and invites certain guest will certainly raise the price of tickets as load factors go up. Allegiant operates on an ultra low cost carrier model and will most likely continue to work towards selling...
1. 3rd impulse wave
2. exhaustion candles on all timeframes
3. 2x top on trend line
4. Next to test center line Andrew's Pitchfork
5. Throwback on 2x top breakout from low 200s to create reverse polarity
6. RSI Trend line violated. Starting to diverge negatively.
ect......You get the gist
Found this stock scanning insiders buying, follow the money. On breakout would buy with good stop no greater than 8%...manage risk and expect a run to 214 area cup flipped upside down
