$ALGN Align Technology looking oversold on the daily chart, MFI appears to be bottoming. Based on earnings track record, expecting another strong beat when earnings are released post-close today. If poor overall market conditions continue to weigh post-ER, major support is just below around $285 - limiting risk.
*Take note this is a key holding of some major, ...
ALGN has had repeatedly good earnings and I believe last week's crash is an opportunity given the situation was largely driven by the broader market
Entering trade because ALGN current price is nicely positioned above the 200MA line and is one of the few stocks that has managed to be in this position despite last weeks crash.
During waiting financial datas I will stay Long despite the Macd shows an impressive divergence. We can see a repetition of what happened between 10/24/2017 and 05/04/2018 but now the price is in an uptrend channel. The market is waiting for the third quarter results of this 2018 that will be published the 24th of this month. If that datas don't be good for the ...
NO END TO THE UPTREND: The minor correction since the “Bearish Engulfing” pattern is reaching limit, Long-term uptrend extends, Bullish view by the Moving Average indicator, A slight buy by the MACD indicator, Potential uptrend above 50 pts (14-day RSI indicator): Buying activities are encouraging.
(Disclaimer: All the information are mean for educational and ...
$ALGN Align Technology appears to be breaking out of its recent downtrend. Expecting continued follow through in the coming 2-6 weeks. It's worth noting that this stock is a top holding of some major hedge funds. Maybe crooked teeth are considered recession proof and a safe investment?
Near term target - $385
Medium term target - $400
Note: Informational ...
$ALGN is a cash cow and eliminates its competition before they can take any market share away. I will be looking to enter but this Head and Shoulders is prominent and may cause a pullback on the great multi-year run.
My WT Cross Strategy has alerted me to a buy signal for Align Technologies (ALGN), at a price of $364.51 using a 180-min time frame. My idea is to buy the dip, at price below $364.51. I will update when I get the signal to close the trade.
I am using the following parameters for this trade:
Channel Length - 1000
Average Length - 1
Average Length - 9