Insider Trading and Corporate Activity Analysis:
Insider trading activities can provide crucial insights into a company's prospects and internal sentiment. Align Technology, Inc. (ALGN) has recently made notable moves in this context:
* Align Capital Agreement & Stock/Bonds Purchase Approval: In January 2023, ALGN secured a new agreement with Align Capital, R.S....
Hi viwers, ALGN in last periods bullish trend we are can see, here now zone breaked, showed strong volumen, for next peridos still bullish trend here expecting to see.
TP1: 400
TP2:415
We seem to be finishing up the 5th wave to the upside, which would lead us to a short term correction, but with medium term bullishness.
Initial correction target is $275 (wave 4).
In any case, it is still too early to determine the identity of the correction, and further price action is needed.
Align Technologies Inc. (ALGN) presently testing a significant descending channel top, able to absorb weekly buying pressures. From here, (ALGN) is susceptible to falling back to channel support, eliciting losses of 20% over the following 2 - 3 months. Inversely, if a weekly settlement above this channel top occurs, (ALGN) will enter into a buy signal where gains...
Company: Align Technology Inc.
Ticker: ALGN
Exchange: NASDAQ
Sector: Healthcare
Introduction:
In today's analysis, we are examining Align Technology Inc. (ALGN) listed on the NASDAQ, a key player in the healthcare sector. The weekly chart shows us a potential bullish reversal in the form of a classic Cup and Handle pattern that has been taking shape over the...
- ALGN is in a rising trend channel in the medium long term.
- ALGN has broken an inverse head and shoulders formation.
- There is no resistance in the price chart and further rise is indicated.
- In case of a negative reaction, the stock has support at approximately 300.
- The RSI curve shows a rising trend, which supports the positive trend.
- Overall assessed...
ALGN gapped up strongly on Earnings beat during its last earning on 1st Feb23. It then subsequently corrected and partially closed the gap, finding support eventually @ 297 the previous neckline region (now tuned support) and also right at the 38.2% fib retracement of the big recent upswing AB.
Since it's last Earnings, the stock had been wedging in a range but...
$ALGN is a liquid high RS medical name that had 8 weeks up in a row of the bottom and potentially finishing a pullback to the top of previous cup base breakout.
Early here with 200 MA just flatting out but strong with "calm" pullback.
Sell signal that came few days in Align Technologies should stay here for few weeks before the next buy. I think it is a good opportunity to short it for a week to a month.
ALGN
EQT
Align Technology, Inc - ALGN
EQT Corporation - EQT
I bought four shares of EQT for every one share of ALGN
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No stop loss.
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Happy Trading!
The PEAD projected a bullish outlook for $ALGN after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 80%.
The PEAD projected a Bullish outlook for $ALGN after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 88.89%.
![ALGN: ALGN - Rising Trend Channel [MID TERM]](https://s3.tradingview.com/k/KzaKPZkL_mid.png "ALGN - Rising Trend Channel [MID TERM]")
