ALYA - Inverted Head and ShouldersOn the chart, we can see an inverted head and shoulders been broken.
The current level is being tested, and we therefore expect a pullback to the neckline, where we will take our entry.
William Alligator implies continuation to the upside, after expected pullback.
Stop-loss, target and ROI are shown on the chart.
Good luck!
ALYA trade ideas
ALYA Potential BreakoutReasoning:
Bullish ascending triangle formation
Large spike in volume as stock approaches resistance (bullish)
RSI hooking up
MACD indicating bullish reversal
Upgrade from Hold to Buy (Nov. 15)
Strong fundamentals; company has shown consistent growth in revenue over last four quarters. It is rapidly approaching a profitable state.
If ALYA closes at or above $3.00 with high relative volume, I will enter a position.
Stop loss @ $2.90, Target 1 @ $3.24
Potential to gap up, I would be weary if to enter at open if that happens.
ALYAAlithya Group, Inc. engages in the provision of information technology consulting services. Its caters financial services, manufacturing, energy, telecommunications, transportation and logistics, professional services, healthcare, and government sectors. It operates through the following geographical segments: Canada, USA, and Europe. The firm's services and solutions include oracle solutions, Microsoft solutions, digital solutions center, energy services, digital strategy and transformation, project management, and infrastructure management. The company was founded by Ghyslain Rivard in 1992 and is headquartered in Montreal, Canada.
CLOUD Digital Information will be the future, companies have to realize its better to have ALITHYA GROUP INC take care of there CLOUD PLATFORM and reduce downtime! Companies rely on their IT Department to take care of CLOUD solutions which will cost more money and time for upgrades and the lack of qualify work force. The fact every year technology is changing and its hard to play catch up due to finding the right talents to fulfill those specialty areas like CLOUD BASE technology, which can be a challenge! Thats where ALITHYA GROUP INC comes in and takes care of certain cloud problems that in house IT Departments cant handle.
This company is going to be a good one. In addition, ALITHYA GROUP INC is partnered with Microsoft and Oracle , 2 well recognized companies to handle the CLOUD BASE transition for digital information! See my video I made about ALYA for more insightful details from ALITHYA GROUP INC CEO and President Paul Raymond about ALYA and its plans!
