After breaking out of the descending channel and with significant support just below current levels. ALHC looks like it is ready to rise towards and beyond 50 and 100 day moving averages, with ~50% Upside. Fundamentals looks strong with continued increase in market share expected long term.
Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 6.4/61.80%
ADX at 32 indicates a strong trend. Price closed above the 1.61 fib level and the weekly descending trend line. In addition the 9 ema is above the 20 ema and the 50MA is curling up nicely. Both long term and short term force index are rising. First target 16.12
With the recent sell off (as of 12/16/2021) ALHC has taken a beating, compounded by some 'moderate' insider selling. See short term recover to near 15, long term 20+