Align was a darling stock of 2018 but the bigger the gains the greater the fall. It seems that the correction has finished and has now made a nice move back up to the 200ma. We are positive on the stock and out bullishness will be confirmed by a move above $305 . In our image conscious society Align has no trouble attracting customers worldwide.
I posted a short setup on ALGN back in June of 2018. The stock had just broken out a Wave 4 triangle and was grinding higher in Wave 5. I took a short position on a trendline break at $340, which in hindsight was an early entry. I held the position for months as the stock chopped sideways to higher, but was finally rewarded when ALGN gapped lower to $230 in...
currently on a sell off due to the bad news
possible 38.2 fib support
will wait for the price to be stable
RSI 70 resistance
RSI 30 support
CATALYST - finance.yahoo.com
Requires Align Technology Inc. To Close Down All of Its 12 Invisalign Stores and Prohibits Any New Store...
NASDAQ:ALGN Buy above 249.57
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Please note that this information is not a recommendation to buy or sell. It is to be used for educational purposes only.
$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.