Allegro MicroSystems, Inc ALGM

sdeac Pro

Looking at moving average indicators as well as the MACD, Allegro MicroSystems seems to be preparing for a reversal trend looking to retrace back to its original support at 33.00-34.50

HaseebKhan_90

ALGM is making an Inverse Head-and-Shoulders and is on the verge of confirming the pattern. With yesterdays volume it seems like it's ready for a break out. The measured objective of this pattern would be somewhere around $34.40. Do keep in mind $31.30 and 32.30 may act as resistance on the way to the final objective.

mcmarc2000 Premium

Head and Shoulders .. waiting for neckline break confirmation with restest.

treec00l Pro

Uptrend following. Based on EW, currently waiting for end of Ew 2, subsequently Ew 3 start up. Support at 29.45, CL at 29. TP at completion of targeted EW 3, TBC.

TroydTrades Pro+

This $30 secondary was eaten up pretty quickly, a ridiculous peak was created. This is also bullish sign, I have no planned positions however.

bhartiyniveshak

Allegro MicroSystems ALGM is a semiconductor company and fabless manufacturer of integrated circuits for sensor systems and analyst power technologies. The company’s products are used in the automotive and industrial sectors, and include solutions for developing electric vehicle control systems. Allegro’s circuit chips can also be found in data centers and green...