If you read Mark Minervini's books, you will recognize this as a Volatility Contraction Pattern (VCP) with 4 contractions. Looking really good for this upcoming week and will be on my focus list.
The last three earning reports have been surprises to the upside. Wave 3 of 3 has a target ofd $836 based on the typical 1.618 extension.
My advisor Marketmiracle gave an input signal for the stock ALIGN TECHNOLOGY $ALGN at a price of 588.09 usd with a target of 634.1391 with a possible profit of 7.83% According to the chart the stock seems to actually want to continue to rise despite the laggera situation of over-bought, the rest less than a month ago has delivered excellent results with a...
ALGN: Align Technology, Inc. 2021-05-13 16:00:00 Align Technology Announces a New $1 Billion Stock Repurchase Program
I've been waiting for an entry on $ALGN. They reported earnings last week with a beat and higher guidance. It's been a tough market but I expect to have a breakout of the cup with handle formation. Looks like it has a nice shakeout going here. The proper buy point is the top of the handle. I like early entries as a starter position so I have an alert set just...
This is one that I have been waiting for the stock to break up into the pivot to get long and I just had an entry alert go off with earnings report out . I like the story, fundamentals and see it as a leader. Here's what I see . Funds holding 57% of float and number of funds increasing every quarter eps , with exception of 2020 is increasing (2020 was still...
Two gap up ER, with one gap and go took the stock from $300 to $600. Wave 3 of 5 is next. 1.618 extension should take this stock into the thousands.
Hello fellow traders and investors, here's another trade idea. ALGN has recently formed a descending wedge, if ALGN makes a recovery it offers a 20% ROI. Technicals: The Macd indicates that it's oversold The EMA's are in a downtrend When To Buy: When it breaks out of the wedge. When To Sell: I recommend selling at its previous high offering around a 20%...
We call this pattern a regular flat Elliot Correction Wave. I think this looks ready for lift off!
ALGN investing.com -> B SS SS SS S SB SB SB SB Relative Volume: 1.07 Tested Fib Extension 2.618 twice Monthly: Uptrend Weekly: Uptrend Daily: Uptrend MA: Blue > Red SStoch: Red > Black (Near OB) MACD: MACD > Signal RSI: 62.18 (Downwards) Put/Call Ratio: 0.67 TF1D Break-out at 613 TF1H Confirmation: Green Volume
The PEAD projected a bullish outlook for $ALGN after a positive under reaction following its earnings release placing the stock in Drift A If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
Watch this one, if it breaks $600 I think it fills teh gap. Earnings were pretty solid, I would expect this to resume the uptrend after it fills the gap.
Entry price : 526.42 Fundamentals : - Sector: Medical - Medical Products - EPS % Chg (Last Qtr): 52% - EPS % Chg (Previous Qtr): -123% - 3 Year EPS Growth Rate: 7% - EPS Est % Chg (Current Yr): -18% - Sales % Chg (Last Qtr): 21% - Sales % Chg (Previous Qtr): -41% - 3-Year Sales Growth Rate: 20% - Annual Pre -Tax Margin: 25%
Align Technology, Inc. is a global medical device company with industry-leading innovative products such as Invisalign clear aligners, iTero Intraoral scanners, and OrthoCAD digital services that help dental professionals achieve the clinical results they expect and deliver effective, cutting-edge dental options to their patients. Approaching ATH Stage...
Simple trade with good R:R - if we don't break recent low it could towards $538 mark.
$ALGN looks like its forming a head and shoulders on the daily chart into a possible gap fill or at the very least it should retrace to the yellow trendline i drew. GL